Question: Since computer programs will automatically rate individual autos, why does an underwriter need to understand how to underwrite them? Question 7 options: a) So she

Since computer programs will automatically rate individual autos, why does an underwriter need to understand how to underwrite them? Question 7 options: a) So she can accurately rate any risk, including risks from applicants applying for other lines of insurance b) To respond to changes in a risk that falls between the specifications of the computer program c) To explain the rating system to irate brokers and insureds upset with premium changes d) So she can compete effectively with other insurance underwriters

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

A PROJECT DILEMMA AT CANADIAN SHIELD INSURANCE Derek Stacey, David Hemsworth, Glenn Brophey and Cristobal Sanchez-Rodriguez wrote this case solely to provide material for class discussion. The...

Question 1 The Jumbo Group restaurant chain launched its initial public offering (IPO) in October 2015. As a financial analyst of Tiger Investment Fund, your boss has requested for you to brief her...

CHA P TER 9 Understanding Software: A Primer for Managers 1. INTRODUCTION L E A R N I N G O B J E C T I V E S 1. Recognize the importance of software and its implications for the rm and strategic...

Study Guide Healthcare Statistics By Jacqueline K. Wilson, RHIA About the Author Jacqueline K. Wilson is a Registered Health Information Administrator (RHIA) who has more than ten years of experience...

Overview of the case. What do you think of the particular assignment given to Browning? TEXTBOOK : Brown, C.V., DeHayes, D.W., Hoffer, J.A., Martin, E.W., and Perkins, W.C. Managing Information...

Here is the Case study and the brief together please do from part 2 to part 5 by reading the case study. P.S don't reat the whole case study its bit lengthy. Just include all the questions asked in...

I would like assistance with assignment 3 and 4 on the attached document I have been struggling with the subject and its my last AUI4863/102/0/2016 Tutorial letter 102/0/2016 ADVANCED INTERNAL AUDIT...

Need help with these multiple choice questions for internal audit final exam. Due in 2 hours. QUESTION 1 RsQ_004Without management direction and assumption of responsibility, it would be...

Need help with this cost and benefit problem. Please follow the instruction to solve the table question.(just draw the table in the excel first in the instruction, then write down the memo for one...

investment costing $1000 today will pay $300 for every year for five years what is the rate of return of the investment

Plymouth Company issues 300,000 shares of common stock (par value $0.05) for $27 per share on June 30, 2011. Required: Prepare the journal entry to record this transaction.

question 1 1 . 6 ( b ) . Which is the safest investment? Which is the riskiest investment? Explain why do you think so . Hint: interpret risk as a chance of loosing money.

Draw the state diagram for an NFA that recognizes the language L over the ablphabet {a,b} represented by the regular expression L = (((ab) U (abb))*a*)*.