Question

    Which of the following is NOT a key step in the

    underwriting process?
    A Receipt of risk Correct Answer Incorrect Answer
    B Risk evaluation Correct Answer Incorrect Answer
    C Pricing the risk Correct Answer Incorrect Answer
    D Staff recruitment Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Key steps in the underwriting process typically include: Receipt of risk (receiving the application) Risk evaluation (assessing the risk) Pricing the risk (determining the premium) Underwriting decision (accepting or rejecting the application) Policy issuance                

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