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