Who is referred to as the insurer?

The insurer refers to the insurance company that provides coverage and financial protection to policyholders in exchange for premium payments. By assuming the risk associated with potential losses, the insurer undertakes the responsibility of compensating the policyholder in the event of a covered claim. This relationship is fundamental in the nature of insurance, as the insurer pools the risk of many policyholders and distributes the costs of claims among them.

In the context of the other choices, while the insurance policyholder is the individual or entity purchasing the insurance and the party transferring property might refer to a seller in a real estate transaction, neither holds the role of providing the insurance services. The real estate broker, on the other hand, facilitates transactions between buyers and sellers but is not involved in underwriting or providing insurance coverage. Therefore, the insurance company is accurately described as the insurer due to its role in managing risk and ensuring policyholders receive the benefits outlined in their policies.