Which of the following parties provides insurance coverage through a contract?

The insurer is the entity that provides insurance coverage through a contract. This means the insurer is responsible for underwriting the risk and agrees to pay out claims based on the terms laid out in the insurance policy. The policy, which is a legal contract, outlines the coverage provided, the rights and responsibilities of both the insurer and the policyholder, as well as any exclusions and limitations.

The role of the insurer is fundamental as they are the ones who assume the risk by pooling funds from multiple policyholders to cover claims made against the policy. This is a crucial aspect of how insurance works, as it allows individuals and businesses to share risks collectively.

Policyholders are the individuals or entities that purchase insurance coverage but do not provide the coverage themselves. Brokers and agents serve as intermediaries who help policyholders navigate the insurance market and facilitate the purchase of insurance policies, but they do not provide the coverage directly.