CIPS Exam L5M2 Topic 4 Question 44 Discussion

Actual exam question for CIPS's L5M2 exam

Question #: 44
Topic #: 4

[All L5M2 Questions]

What is the job of an underwriter?

Ato assist a buyer in selecting the correct insurance

Bto advise required insurance levels for a contract

Cto evaluate insurance applications

Dto determine the validity of an insurance claim

Show Suggested Answer

Suggested Answer: C

An underwriter evaluates insurance applications. Learn the difference between Insurance Underwriters and Claims Adjusters for the exam - this is a known topic. (A claims adjuster determines the validity of an insurance claim).

by Daniela at Sep 18, 2024, 05:43 AM

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Viola

2 months ago

Hmm, the job of an underwriter sounds a lot like being a secret agent. They're the ones who decide who gets the insurance license, right?

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Brande

1 months ago

No, they evaluate insurance applications to determine risk levels.

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Lindsey

1 months ago

C) to evaluate insurance applications

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Edda

1 months ago

A) to assist a buyer in selecting the correct insurance

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Olga

2 months ago

I believe it's both evaluating insurance applications and advising on required insurance levels.

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Thea

2 months ago

This is a tricky one, but I'm going with B. Underwriters advise on the required insurance levels for a contract.

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Leonida

2 months ago

No, I think it's B. Underwriters advise on the required insurance levels for a contract.

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Lai

2 months ago

I'm not sure, but I think it might be A. Underwriters assist buyers in selecting the correct insurance.

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Nicholle

2 months ago

I agree with you, C seems like the correct answer.

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Jeanice

2 months ago

I think it's C. Underwriters evaluate insurance applications.

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Roosevelt

2 months ago

I think it's also to advise required insurance levels for a contract.

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Alfred

2 months ago

D seems like the correct answer to me. Underwriters are responsible for determining the validity of insurance claims.

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Catina

3 months ago

I think the answer is C. Underwriters evaluate insurance applications to determine the risk and set the appropriate premiums.

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Emily

1 months ago

Underwriters are essential in the insurance industry for evaluating applications and setting appropriate premiums.

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Zena

2 months ago

That's correct, underwriters play a crucial role in determining premiums based on the application.

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Mireya

2 months ago

I agree, underwriters evaluate insurance applications to assess risk.

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Dortha

3 months ago

The job of an underwriter is to evaluate insurance applications.

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