Economy, asked by skcom1976, 9 months ago

A fact that influences a prudent underwriter?s decision to accept the risk or not is known as Main Fact
Common Fact
Material Fact
None of the three.which is correct

Answers

Answered by sukhnidhankaur

Sorry I don't know its answer.....

Answered by nehamehrab

Material fact is the fact that is to be considered by the prudent underwriter about the fact that whether the risk shall be accepted or whether the risk should be rejected. And in any case if the risk is accepted then at what rate of premium is it accepted.

This kind of fact has a great impact on the judgement of the prudent underwriter. The terms and conditions of the risk is also decided through this kind of face.

Know more:

Q1) Write a short note on underwriting.

Click here: https://brainly.in/question/10501761

Q2) Fact which affects the prudent underwriters.

Click here: https://brainly.in/question/16189514

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