In underwriting, after the underwriting decision is made, what is the next step?

• A. Implementing the decision
• B. Agency underwriting
• C. Risk analysis
• D. Monitoring results

Answer: (A)

After the underwriting decision is made, the next step is to implement that decision. This involves binding the coverage and issuing the policy documents, finalizing the terms (including any endorsements or exclusions), and collecting the premium. In other words, the decision is put into action to create a binding contract between the insurer and the insured.

Before this point, risk analysis and evaluation occur as part of making the decision, so they aren’t the step that follows the decision. Monitoring results comes later, once the policy is in force and performance is being tracked. Agency underwriting is an earlier part of gathering information and presenting the risk, not the step that follows the decision.