Question
What is the purpose of a risk survey in underwriting?
Solution
A risk survey is conducted to gather detailed information about a specific risk, such as the property to be insured, the nature of the business, the potential hazards, and other relevant factors. This information is used by underwriters to assess the risk and determine appropriate coverage and premiums.
Parts of the following sentence are given as options. Identify the segment that contains a grammatical error.Â
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