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      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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