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A person who undertakes any risk in insurance business is known as ? 

A person who undertakes any risk in insurance business is known as ? 

  • A.
    a broker
  • B.
    an underwriter
  • C.
    an insurer
  • D.
    an actuary
Correct Answer: Option B
Explanation

An underwriter is any party that evaluates and assumes another party’s risk for a fee, such as a commission, premium, spread or interest. Underwriters operate in many aspects of the financial world, including the mortgage industry, insurance industry, equity markets, and common types of debt securities.