What do you understand by underwriting?
Underwriting is the process of deciding whether or not a proposal for insurance is to be accepted; and if it is to be accepted, at what terms and rates. Thus there is an element of selection and classification in underwriting.
Underwriting is the process of deciding whether or not a proposal for insurance is to be accepted; and if it is to be accepted, at what terms and rates. Thus there is an element of selection and classification in underwriting.
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