Answered

Westonci.ca is the premier destination for reliable answers to your questions, provided by a community of experts. Connect with a community of experts ready to help you find accurate solutions to your questions quickly and efficiently. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

The point at which an insurer issues a policy is known as:

Sagot :

GinnyAnswer

Final answer:

The underwriting stage in insurance is where the insurer assesses risks and determines premiums based on various factors before issuing the policy.


Explanation:

The point at which an insurer issues a policy is known as the underwriting stage. During underwriting, the insurer assesses the risks associated with providing insurance and determines the premium cost for the policyholder based on various factors.

Factors such as the individual's health history, lifestyle choices, and the type of coverage needed are considered during underwriting. For example, a person with a history of smoking may face higher premiums for life insurance due to the increased health risks associated with smoking.

Once the underwriting process is complete, the insurer issues the policy to the policyholder, outlining the terms, coverage, and premium amount agreed upon.


Learn more about Insurance underwriting here:

https://brainly.com/question/37497187


Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.