Q350
Which one of the following statements is correct?
A.
The underwriter determines the premium to be charged
B.
The underwriter is an employee of the insurer
C.
Both the statements above are correct
AnswerD.
Both the statements above are wrong
Answer: Option C
Solution
Answer: Option C
Solution:
Both the statements above are correct. The underwriter determines the premium to be charged and the underwriter is an employee of the insurer.