Q907
What are the 2 methods of underwriting?
A.
Direct & indirect
B.
Accept or decline
C.
Judgement & Numerical
AnswerD.
Openended & closeended methods
Answer: Option C
Solution
Answer: Option C
Solution:
Judgement & Numerical are the 2 methods of underwriting. Judgement Method: Under this methods, subjective judgement is used.
Numerical Method: Under this method underwriting assign positive rating points for all negative or adverse factors.