Ace the 2026 Life & Health Insurance Exam – Insure Your Success Today!

The term that refers to the insurance company that issues an insurance policy is "insurer." The insurer is the entity that provides the coverage outlined in the policy, assuming the risk in exchange for the premiums paid by the policyholder. This role involves evaluating and underwriting risk, fulfilling claims when necessary, and providing customer support related to the insurance product offered.

The other terms relate to different aspects of the insurance process. The policyowner is the individual who owns the insurance policy, which may or may not be the same as the insured, who is the person covered by the policy. The underwriter plays a crucial role in assessing the risk involved in insuring individuals or entities, determining the terms and conditions of the policy, but does not issue the policy itself. Understanding these distinctions helps clarify the overall insurance structure and the roles involved in the insurance transaction.