What is underwriting in Insurance ?

Looking for the answer to the question below related to Insurance?

 What is underwriting in Insurance ?

 Options:

 

  • A. Process of investing the premiums which insurance provider collect from insured parties.
  • B. A claim arises on the occurrence of a specified event
  • C. Process by which insurers select the risks to insure and decide how much in premiums to charge for
  • D. The ratio of losses and expenses to premium

 

The Correct Answer Is:

  • C. Process by which insurers select the risks to insure and decide how much in premiums to charge for

Conclusion

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