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Question 7

Select the appropriate response:

A reciprocal insurer typically has an administrator who manages the premiums collected from the group's members. This administrator is called a(n)

A. reciprocal commissioner
B. attorney general
C. attorney-in-fact
D. reciprocal director

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Answer :

GinnyAnswer

Final answer:

In a reciprocal insurer, the administrator overseeing premium management is called an attorney-in-fact.


Explanation:

A reciprocal insurer typically has an administrator responsible for managing premiums collected from group members. This administrator is known as an attorney-in-fact. They handle financial matters and operations on behalf of the reciprocal insurer.


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