Business Studies, asked by jayasreejayanthi, 5 months ago

how to classify the underwriting

Answers

Answered by thanushreeprathap1

Answer:

Though all insurers have their own forms and processes of underwriting, there are typical classifications for underwriting policies that have a direct effect on premiums.

Preferred Risk. The preferred risk is favored by insurers. ...

Standard Risk. ...

Substandard Risk.

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Answered by devrana1344

Though all insurers have their own forms and processes of underwriting, there are typical classifications for underwriting policies that have a direct effect on premiums.

Preferred Risk. The preferred risk is favored by insurers. ...

Standard Risk. ...

Substandard Risk.

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