Which policy is written and insured by an insurance company?

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Multiple Choice

Which policy is written and insured by an insurance company?

Explanation:
The key idea is who the policy is written for and who is insured. A Company Policy is issued by an insurance company specifically to a business, with the business as the policyholder and the insured under the insurer’s contract. It’s the form used when the policy is created for a company, rather than for an individual. A Personal Policy is for an individual, not a business. A Fleet Policy describes coverage for multiple vehicles, focusing on scope rather than who the policyholder is. A Business Policy is a general term for coverage a company might purchase, but the standard label used in this context is Company Policy. So the policy written and insured by an insurance company for a business aligns with Company Policy.

The key idea is who the policy is written for and who is insured. A Company Policy is issued by an insurance company specifically to a business, with the business as the policyholder and the insured under the insurer’s contract. It’s the form used when the policy is created for a company, rather than for an individual.

A Personal Policy is for an individual, not a business. A Fleet Policy describes coverage for multiple vehicles, focusing on scope rather than who the policyholder is. A Business Policy is a general term for coverage a company might purchase, but the standard label used in this context is Company Policy. So the policy written and insured by an insurance company for a business aligns with Company Policy.

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