Which entity might issue an insurance policy?

An insurance policy is primarily issued by an insurance company, which is a specialized entity designed to provide coverage against various risks in exchange for premium payments. Insurance companies have the expertise and resources to assess risk, design products, and manage claims, offering various types of policies including health, life, auto, and property insurance.

While other entities such as government agencies or banks may provide certain forms of coverage or financial products that can have insurance-like features, they do not typically issue traditional insurance policies. Non-profit organizations might also offer programs related to risk management or limited coverage, but they usually do not operate as primary insurance providers. Therefore, the correct answer highlights the core function of insurance companies as the primary issuers of insurance policies.