A person who undertakes any risk in insurance business is known as ?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option B
Explanation:
An underwriter is a person or organization that evaluates and assumes insurance risks in return for a premium. The underwriter assesses the level of risk and determines the terms under which the risk may be accepted.
An underwriter is a person or organization that evaluates and assumes insurance risks in return for a premium. The underwriter assesses the level of risk and determines the terms under which the risk may be accepted.