The Underwriting Function Is Designed to Be Sure That Premiums

question 41

Multiple Choice

The underwriting function is designed to be sure that premiums are based on

• A)income levels.
• B)the value of the loss.
• C)the value of the gain.
• D)the chance of loss.
• E)expense levels.

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Definitions:

Nursing Research

The systematic investigation into and study of materials, sources, and methods for the purpose of developing nursing knowledge, improving patient care, and advancing the profession.

Physiological

Physiological pertains to the functions and processes that occur within living organisms, especially those affecting biological systems.

Social Cultural

Pertaining to the combination of social and cultural factors that influence an individual's behavior, beliefs, and identity.

Educational

Pertaining to the process of teaching and learning, particularly the imparting and acquisition of knowledge.