Question: Because of the expense of risk control reports and the importance of making a quick decision on a new submission, underwriters sometimes approve a submission

Because of the expense of risk control reports and the importance of making a quick decision on a new submission, underwriters sometimes approve a submission subject to a favorable risk control report. Why is it critical that the underwriter receive the report quickly after the policy's inception date? Select one: A. Statutes in many states limit an insurer's right to cancel to a brief period of time. B. The applicant has time to decide if they want to correct any problems before the renewal. C. The underwriter can quickly revise the pricing and billing. D. Competition has limited time to revise its proposal to the applicant

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