Functions of a leader

Commerce study Manual STUDY MANUAL|PDF NOTES|SYLLABUS|REVISION
  1. Carries out all the documentation of the cover on behalf of all the co-insurers.
  2. Collects the premiums from the insured and divides it among co-insurers.
  3. Handles the claims in the event of loss.
  4. Pays the insured after collecting the proportionate amounts of money from each co-insurer.



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