Q470
Which of the following denotes the underwriter’s role in an insurance company?
A.
Process claims
B.
Decide acceptability of risks
AnswerC.
Product design architect
D.
Customer relations manager
Answer: Option B
Solution
Answer: Option B
Solution:
the underwriter’s role in an insurance company is to decide acceptability of risks. Underwriters work in several insurance categories, including health, life, auto and home. Their job is to review applications for insurance, analyze risks and decide whether the company will offer coverage. Underwriters must approve applications so that the insurance company can collect premiums.