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This question belongs to Commerce Insurance

Insurance

?

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 & Solution

Correct Answer: Option C

Underwriting is a needed exercise in today’s environment of inadequate coverage of population for life insurance.

Question posted by Examveda

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