Pick out the incorrect sentence.
A. Underwriting is risk assessment in a proposal on the life of the proposer for offering him life cover
B. Prevention of selection against the insurer is the purpose of underwriting
C. Underwriting is a needless exercise in today’s environment of inadequate coverage of population for life insurance
D. Underwriting process defines and determines the premium chargeable on the proposal for covering risk
Answer: Option C
Solution(By Examveda Team)
Underwriting is a needed exercise in today’s environment of inadequate coverage of population for life insurance.Related Questions on Insurance
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