n NISM Certifications
NSM General NISM
Medium

What is underwriting in insurance?

Practice question from IC 38 Mock Test 19 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    The process of deciding on the amount of premium to be charged

  2. B

    The process of collecting premiums from policyholders

  3. The process of determining whether a risk offered for insurance is acceptable, and if so, at what rates, terms, and conditions

    Correct answer

  4. D

    The process of evaluating claims made by policyholders

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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