Which of the following statements about underwriting policy is (are) t

Which of the following statements about underwriting policy is (are) true?

I. A company must establish an underwriting policy consistent with company objectives.
II. Underwriting policy is usually subjective and allows the underwriter considerable flexibility with respect to lines written and forms used.
A) I only
B) II only
C) both I and II
D) neither I nor II

ANSWER

Answer: A