2.The flow of the underwriting process is :Required to answer. Single choice.

(2 Points)

Evaluate risk accept application determine premium pay the premium

Evaluate risk accept application reject application pay the premium

None of the given options are correct

Evaluate risk accept application decline application determine appropriate premium

3.Where is the net profit after tax be adjusted in a statement of changes in equity?Required to answer. Single choice.

(2 Points)

It is adjusted in the non-current liability

It is adjusted to the retained earnings

It is added to the current assets

It is added to the equity share capital