Question

If a producer attempts to sell insurance by urging the person to apply for insurance with a specific insurance company, and is called _________ insurance.

Answer 1

If a producer attempts to sell insurance by urging the person to apply for insurance with a specific insurance company, and is called insurance.

What is insurance?

Insurance provides financial protection against loss. It is a type of risk management that is primarily used to mitigate the risk of a contingent or uncertain loss. An insurer, insurance business, insurance carrier, or underwriter is a company that offers insurance.

A deductible is the amount of money that you must pay toward an insured loss. When a natural disaster strikes your home or you are involved in an automobile accident, your deductible is reduced, or "deducted," from the amount your insurance company pays toward a claim.

Hazard insurance protects a property owner from damage caused by fires, lightning, hailstorms, windstorms, snowstorms, or other natural catastrophes.

To know more about insurance follow the link:

https://brainly.com/question/25855858

#SPJ4