All the following are true about underwriting except:
A) a major purpose of underwriting is to reduce adverse selection against the insurance company
B) fair rates should be charged so that each group of insureds is not subsidized by other groups
C) the underwriter should select only those insureds that are expected to have no losses
D) the underwriter makes decisions based on criteria established by the company management
Correct Answer:
Verified
Q1: Fergie is a salaried claims adjuster who
Q2: Which of the following is not a
Q4: The independent agency system:
A) is doomed because
Q5: In Jason's agency contract, the insurer authorizes
Q6: Which of the following is not a
Q7: Which of the following is not a
Q8: Jerry works as a claims adjuster. He
Q9: The primary difference between an insurance agent
Q10: Which of the following was not listed
Q11: One duty of the insurance company actuary
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents