Vidyalelo
Commerce · Q345

Insurance

Graduate and Post Graduate · Commerce · question 345

Q345

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
Answer
D.
The report of the agent

Answer: Option C

Solution

Answer: Option C
Solution:
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.