Advanced English Lesson

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Directions: Read the following and answer questions?

Insured. The party to an insurance arrangement whomthe insurer agrees to indemnify for losses, provide benefits for or render services to. This term is preferred to such terms as policyholder, policy owner and assured.
Names Insured: Any person,firm or corporation or any member thereof, specefically designated by name as the insured in a policy. Others may be protected as insured event though their names do not appear on the policy.
First Named Insured: The first named insured apearing on a commercial policy. The latest forms permit the insurer to satisfy contractual duties by giving notice to the first named insured rather than requiring notice to all named insureds.
Additional Insured: A person other than the named insured who is protected under the terms of the contract. Usually, additional insuredd are added by endorsement or reffere to in the wording of the definition of the insured in the policy itself.
Assignment Transfer of the Insured's Interest: Assignment to another person cannot be made without insurer's written permission.

What is a Insured policy?
A. A insurer policy.
B.A collision insurance policy.
C.The party to an insurance arrangement

What is a Named Insured?
A.The first named insured.
B.A person other than the named insured.
C.Any person, firm or corporation.