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.
More Insurance Awareness Questions
49.99% of 5400 + 923=?
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)...
`sqrt(224.991)` + (3.81008)2 = ? `-:` `1/6.0001`
` `
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
1219.98 ÷ 30.48 × 15.12 = ? × 2.16
(24.98)2 = ?2 + (14.99)2
What will come in the place of question mark (?) in the given expression?
?2 = {40% of (552 – 352 )} – 44
