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
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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.
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Q1) Write a short note on underwriting.
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Q2) Fact which affects the prudent underwriters.
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