krishnapunekar, doing homework are you? Underwriting happens after the sale, and policy is subject to it's findings...claims of course, happen when they happen...not sure i'm understanding what exactly you need... _________________ Have you been helped by a poster? Do you want to show your appreciation? YOU CAN !! Just simply click on the donate button and send them some coin!
Lori is right, underwriting takes place after the policy was sold. Underwriting is the process to evaluate the insurability of the applicant, coverage limit and premium rate. Also, it helps in determining whether the applicant needs extra coverage or not.
Underwriting is a back-end process, takes place in the underwriter's office. The underwriters are the professionals qualified to evaluate and ascertain the amount of risks involved in insuring the customer.
