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What is an Insurer? - Definition from Insuranceopedia While an insurance company is the “insurer,” the purchaser of insurance would be the “insured ” The exact losses covered and the exact cost of the premiums are laid out in the contractual agreement between the insurer and the insured
Who is the insurer and insured | Insurance . . . - Lemonade As mentioned earlier, the ‘insurer’ is the one calculating risks, providing insurance policies, and paying out claims The ‘insured,’ on the other hand, is the person (or people) covered under the insurance policy
insurer | Wex | US Law | LII Legal Information Institute The insurer is the party in an insurance contract that promises to pay compensation The insurer is an entity, usually an insurance company, that underwrites the insured risk By contrast, the insured is a person or organization whose life, health or property is covered by an insurance policy
What is an insurer? - Kin Insurance The insurer is the party, usually a company, that develops insurance policies, sets rates, and underwrites the coverage The insured is the person who’s covered by and receives the benefits of the policy