Multiple choice

Underwriting is the process of ___________.

  1. marketing insurance products

  2. collecting premiums from customers

  3. risk selection and risk pricing

  4. selling various insurance products

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Underwriting is a process of risk selection which is based upon the characteristics of a group or an individual. Here based on the degree of the risk, the underwriter decides the selection as well as the price of risk.