Ribo Practice Test & Exam Prep | Canada

What is the primary role of an insurance underwriter?

To determine whether to accept a risk and on what terms To investigate every claim after a loss To represent policyholders in court To regulate insurers' solvency

Correct Answer:

To determine whether to accept a risk and on what terms

Explanation:

An underwriter evaluates proposed risks and decides whether the insurer will accept them, including the premium, limits and conditions.

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