JAMB Commerce 2018 Objective — Question 12

Question 12 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2018 Objective paper, with the correct answer and a full explanation.

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

A. broker
B. an underwriterCorrect
C. an insurer
D. an actuary

Explanation

An underwriter is any party that evaluates and assumes another party's risk of payment in an insurance transaction.

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