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This question belongs to Commerce Insurance

Insurance

?

What does a premium depend upon?

A) The place of worship visited by the person to be insured B) The state of health of the policyholder C) The decision of the underwriter D) The report of the agent

Answer & Solution

Correct Answer: Option C

Premium depend upon the decision of the underwriter.Their job is to review applications for insurance, analyze risks and decide whether the company will offer coverage.

Question posted by Examveda

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