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Effective underwriting at issue focuses on what four areas? 1.

need help please explain

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Answer #1

Ans. Effective underwriting at issue focus on following 4 areas :

1. Avoiding the Problem of Adverse Selection.

2. Selection of above average accounts. ( Premium for which should be higher than average risk chance )

3. Making certain that all loss exposures are correctly identified.

4. Charging adequate premium from the accepted applications.

Best of Luck.!! Keep Chegging !!

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