Who is referred to as the proposer in an insurance context?

In the context of insurance, the term "proposer" specifically refers to the individual who applies for insurance coverage. This person initiates the insurance process by providing necessary information and submitting an application to the insurance company. The proposer plays a key role in determining the terms and conditions of the insurance policy based on their needs as well as their personal and financial information.

The proposer is essential because they are the ones seeking protection or coverage against potential risks. They are responsible for disclosing relevant details that help the insurer assess the risk and decide on the premium and coverage options. Once the proposal is accepted, the proposer typically becomes the policyholder, thus establishing a formal contractual relationship with the insurer.

In contrast, the other options describe roles that do not initiate the insurance agreement. The beneficiary is the person entitled to receive benefits from a policy but does not apply for coverage. The insurer is the entity providing the insurance, not the one seeking it. The claims adjuster works on assessing claims after a policy has already been established, which is an entirely different function within the insurance process.