Q538
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
AnswerD.
Underwriting process defines and determines the premium chargeable on the proposal for covering risk
Answer: Option C
Solution
Answer: Option C
Solution:
Underwriting is a needed exercise in today’s environment of inadequate coverage of population for life insurance.