A person who undertakes any risk in insurance business is...
A person who undertakes any risk in insurance business is known as ?
a broker
an underwriter
an insurer
an actuary
Correct answer is B
An underwriter is any party that evaluates and assumes another party's risk for a fee, such as a commission, premium, spread or interest. Underwriters operate in many aspects of the financial world, including the mortgage industry, insurance industry, equity markets, and common types of debt securities.
Which of the following risks would an insurance company not prepared to cover? ...
A contract that is acknowledged before the law court is referred to as ...
Bankers settle their mutual indebtedness in a ...
The main reason for Government ownership of a public enterprise is to provide ...
Which of the following is a customer service? ...
A retail co-operative society aims at ...
A dormant partner is one who ...
The major components of modern retailing include? ...