Which of the following statements about underwriting policy is (are) true?
I.A company must establish an underwriting policy consistent with company objectives.
II.Underwriting policy is usually subjective and allows the underwriter considerable flexibility with respect to lines written and forms used.
A) I only
B) II only
C) both I and II
D) neither I nor II
Correct Answer:
Verified
Q1: The underwriting process begins with the
A)agent.
B)desk underwriter.
C)inspection
Q3: All of the following are reasons for
Q4: Which of the following statements about claim
Q5: Insurers obtain data that can be used
Q6: The primary function of an actuary is
Q7: All of the following statements about the
Q8: Which of the following statements about claims
Q9: If an underwriter suspects moral hazard,the underwriter
Q10: Which of the following is a function
Q11: Morgan was hired by an insurance company
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