To avoid adverse selection, insurers determine many different factors and rely on an extensive amount of information before issuing a policy. This process is called

A) underwriting
B) accrediting
C) evaluating
D) undersigning

Answer: A) underwriting

Business

You might also like to view...

Which of the following is currently a member of the European Free Trade Association?

A) Slovakia B) Ireland C) Norway D) Italy

Business

In making the purchase versus leasing decision, it is important to remember that

A) dealers may impose an additional mileage cost. B) leasing is less risky than a purchase. C) leasing is less expensive that a purchase. D) you won't be required to pay maintenance costs on the leased car.

Business