Jan is employed by an insurance company. She reviews applications to determine whether her company should insure the applicant. If insurable, Jan assigns the applicant to a rating category based on the applicant's degree of risk. Jan is a(n)
A) underwriter.
B) actuary.
C) loss control engineer.
D) claims adjustor.
Answer: A
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Which one of the following is considered a financing activity?
a. The payment of interest on a note payable to the bank b. Selling products to customers c. Paying wages to employees d. The payment of a cash dividend
Incentive pay for executives lays the groundwork for significant ethical issues.
Answer the following statement true (T) or false (F)
During the first year of operations, a company granted warranties on its products. The estimated cost of the product warranty liability at the end of the year is $8,500 . The product warranty expense of $8,500 should be recorded in the years the expenditures to repair the products covered by the warranty will be paid
Indicate whether the statement is true or false
An approach that gets the prospect thinking about a problem the salesperson can solve is the:
A) referral approach B) question approach C) product demonstration approach D) survey approach E) premium approach