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This question belongs to Commerce Insurance

Insurance

?

When an underwriter has to be very careful?

A) When sum insured is very small B) When sum insured is very large C) When income is very small D) When income is very high

Answer & Solution

Correct Answer: Option B

An underwriter is an investment bank that helps companies introduce their new securities to the market. In the insurance business, an underwriter is a company liable for insured losses in return for a fee (premium).

Question posted by Examveda

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