What are the basic principles of underwriting in insurance

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Posted: Wed Nov 11, 2009 5:26 am Post subject: What are the basic principles of underwriting in insurance

Name the principles of underwriter?

anjihia

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Posted: Wed Nov 11, 2009 7:04 am Post subject:

The underwriter has to assess the risks associated with an insurance applicant. This risk is determined after a careful consideration of his financial record. The underwriter has to keep in mind the business interests of the carrier while issuing a policy to a prospective client.