5. Michael is a commercial lines underwriter. He received a risk control report on a new
business that he had recently written with Laura, one of his produc- ers. After reviewing
the report, Michael contacted Laura to let her know that they needed to process a policy
change request adding a new classification and some exposures to the general liability
policy.These activities are occur- ring during which one of the following steps of the
underwriting process? Select one
A. Determine an appropriate premium
B. Issue required documents
C. Monitor the underwriting decision
D. Evaluate the application
ANS C. Monitor the underwriting decision
6. Earned premiums are the portion of written premiums that Select
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