Underwriting Is Best Described as

question 93

Multiple Choice

Underwriting is best described as

• A)the process of deciding whom the company will insure and the applicable premiums it will charge.
• B)actuarial science.
• C)production-related activities performed primarily by agents in the field.
• D)the 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:

European Power

Generally refers to countries in Europe with significant influence and military, economic, or political strength, historically and in contemporary periods.

Western Hemisphere

The half of the Earth that includes the Americas, broadly encompassing North, Central, and South America, and the surrounding waters.

Capt. Alfred Thayer Mahan

A United States naval officer and historian whose works, particularly "The Influence of Sea Power upon History," have had a major influence on naval strategy and the importance of naval power.

New Navy

Refers to the modernization and expansion of the United States Navy in the late 19th and early 20th centuries, emphasizing the use of steel ships and advanced technology.