The correct answer is: D. Proposer, Insurer
The person who makes the offer in an insurance contract is called the proposer. The person who accepts the offer is called the insurer.
The proposer is the person who applies for insurance. They provide the insurer with information about themselves and the risk they are seeking to insure. The insurer then assesses the risk and decides whether to offer insurance. If the insurer offers insurance, the proposer must accept the offer in order to create a binding contract.
The insurer is the company that provides insurance. They agree to pay out a sum of money if the insured event occurs. The insurer’s main responsibility is to assess the risk and set the premium. They must also be able to pay out claims when they are due.
Here is a brief explanation of each option:
- Offerer: The offerer is the person who makes the offer in a contract. In an insurance contract, the offerer is the proposer.
- Acceptor: The acceptor is the person who accepts the offer in a contract. In an insurance contract, the acceptor is the insurer.
- Insured: The insured is the person who is covered by an insurance policy. In an insurance contract, the insured is the person who applied for insurance.
- Insurer: The insurer is the company that provides insurance. In an insurance contract, the insurer is the company that agreed to provide insurance.