When an underwriter has to be very careful?
A
When sum insured is very small
B
When sum insured is very large
C
When income is very small
D
When income is very high
Correct Answer: When sum insured is very large
An underwriter is an investment bank that helps companies introduce their new securities to the market. In the insurance business, an underwriter is a company liable for insured losses in return for a fee (premium).