The person who undertakes any risk in insurance business is known as
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Correct Answer: Option B
Explanation:
An underwriter is responsible for assessing insurance risks and deciding whether they should be accepted. The underwriter also considers the nature of the risk and determines the appropriate terms and conditions for providing insurance cover.
An underwriter is responsible for assessing insurance risks and deciding whether they should be accepted. The underwriter also considers the nature of the risk and determines the appropriate terms and conditions for providing insurance cover.