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To achieve profitability, the underwriting process serves which one of the following additional purposes? Select one: A. Selecting accounts with a lower-than-average chance of loss
To achieve profitability, the underwriting process serves which one of the following additional purposes? Select one: A. Selecting accounts with a lower-than-average chance of loss B. Charging fair premiums for applications that are accepted C. Guarding against adverse selection D. Transferring the risks of individuals and businesses
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