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

Limited Time Offer

25%

Off

Get Premium L5M2 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Viola

6 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?

upvoted 0 times

Brande

6 months ago

No, they evaluate insurance applications to determine risk levels.

upvoted 0 times

...

Lindsey

6 months ago

C) to evaluate insurance applications

upvoted 0 times

...

Edda

6 months ago

A) to assist a buyer in selecting the correct insurance

upvoted 0 times

...

Olga

6 months ago

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

upvoted 0 times

...

Thea

7 months ago

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

upvoted 0 times

Leonida

6 months ago

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

upvoted 0 times

...

Lai

6 months ago

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

upvoted 0 times

...

Nicholle

6 months ago

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

upvoted 0 times

...

Jeanice

6 months ago

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

upvoted 0 times

...

Roosevelt

7 months ago

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

upvoted 0 times

...

Alfred

7 months ago

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

upvoted 0 times

...

Catina

7 months ago

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

upvoted 0 times

Emily

6 months ago

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

upvoted 0 times

...

Zena

6 months ago

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

upvoted 0 times

...

Mireya

6 months ago

I agree, underwriters evaluate insurance applications to assess risk.

upvoted 0 times

...

Dortha

7 months ago

The job of an underwriter is to evaluate insurance applications.

upvoted 0 times

...