Underwriting Is Best Described As

question 142

Multiple Choice

Underwriting is best described as:

• A) Activities related to selecting acceptable risks so that general insurer objectives are met.
• B) Actuarial science
• C) Production-related activities performed primarily by agents in the field
• D) Process of developing pricing structures for insurance,often performed by an actuary
• E) A function most often performed by adjusters.

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Definitions:

Promotional Period

A defined time during which a product or service is offered at a discounted rate or with special incentives to stimulate sales or awareness.

Cooperative Advertising

Advertising programs whereby a manufacturer pays a percentage of the retailer’s local advertising expense for advertising the manufacturer’s products.

Camera-Ready

A term used to describe a document or artwork that is fully prepared, in the correct format, and ready for reproduction or printing.

High-Quality

Characterizing products or services that meet or exceed customer expectations in terms of durability, reliability, and performance.