Application Questions:

You are an underwriter working for an insurer who provides both personal lines and commercial lines automobile insurance. One of your brokers phones to ask if you can provide automobile insurance on a van owned by a client who is just starting up a small business.

1) List the questions you would ask in order to determine acceptability and rate, and briefly explain the importance of each question.

2) what is the purpose of information collected from the clients by insurance companies? and scenario must be as though you are explaining to the client.