Washington State Insurance Practice Exam 2026 – Comprehensive All-in-One Guide to Exam Success!

Question: 1 / 400

What is the primary responsibility of an underwriter?

Adjusting claim settlements

Evaluating life insurance mortality rates

Evaluating applications and determining policy issuance terms

The primary responsibility of an underwriter is to evaluate applications and determine policy issuance terms. Underwriters assess the risk associated with insuring a person or entity based on various factors such as health history, lifestyle, and financial stability. They use this information to decide whether to approve an application, as well as to establish the terms of the policy, including the coverage amount and premiums. This decision-making process is crucial in minimizing the insurer's risk exposure and ensuring the overall financial stability of the insurance company.

Adjusting claim settlements, evaluating life insurance mortality rates, and managing insurer funds and investments are roles that typically fall under different departments within an insurance company and are not the primary responsibilities of an underwriter.

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Managing insurer funds and investments

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