What is the rationale behind insurers using an applicants record in the underwriting and rating of auto

Question:

What is the rationale behind insurers using an applicant’s record in the underwriting and rating of auto and homeowner’s insurance?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Principles Of Risk Management And Insurance

ISBN: 1292349743

14th Global Edition

Authors: George E. Rejda, Michael McNamara

Question Posted: