Alberta General Insurance Level 1 Practice Exam

Which of the following are insurance intermediaries?

1. Brokers and Agents

2. Actuaries

3. Underwriters

4. Claims Adjusters

The correct answer is: Brokers and Agents

Insurance intermediaries are the middlemen between the insurance provider and the customer. They help facilitate the process of purchasing insurance by providing expert advice and connecting customers to the right insurance policies for their needs. Brokers and agents are both examples of insurance intermediaries, as they work directly with customers to sell policies. Actuaries, underwriters, and claims adjusters, on the other hand, work for insurance companies and are not considered intermediaries as they do not directly interact with customers to sell policies. Actuaries use data and statistics to determine accurate insurance rates, underwriters evaluate and approve insurance applications, and claims adjusters investigate and settle insurance claims. While they all play important roles in the insurance industry, they are not considered intermediaries.