Insurance company underwriters determine whom it can insure and what rating-class is appropriate.

Question

Quizplus · Accepted Answer

Insurance company underwriters evaluate risks and determine which individuals or entities the company can insure and at what rating-class level. They use various factors to evaluate risks, including age, health, occupation, driving record, and financial history. Based on this evaluation, they can accept, reject, or limit coverage, and set premiums accordingly.

Insurance Company Underwriters Determine Whom It Can Insure and What