In insurance, underwriting refers to which of the following? A. Deciding where to invest life insurance premiums B. All of the answers provided are correct C. Converting a term policy to a whole life policy D. The process of deciding whom to insure and at what rate E. A claim adjuster calculating economic loss

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Business

Babs

31 December, 20:32

In insurance, underwriting refers to which of the following? A. Deciding where to invest life insurance premiums B. All of the answers provided are correct C. Converting a term policy to a whole life policy D. The process of deciding whom to insure and at what rate E. A claim adjuster calculating economic loss

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Brody Cohen · Answer 1

D. The process of deciding whom to insure and at what rate

Explanation:

Underwriting in insurance refers to a process of receiving remuneration for the willingness to pay a potential risk, underwriters studies and evaluate the risks involved in insuring people and assets, they estimate and create the prices for accepted insurable risks. Underwriters decides how much coverage should the client receive and how much they should pay for it.

Therefore we can conclude that underwriting underwriting is the process of deciding whom to insure and at what rate.