Who is generally responsible for determining the risks associated with an insurance application?

The underwriter is responsible for determining the risks associated with an insurance application. This role involves evaluating the information provided in the application to assess the likelihood of a potential loss and to decide whether to accept or reject the application. The underwriter analyzes various factors such as the applicant's history, the nature of the risk, and any relevant data to make an informed decision.

Their evaluation plays a crucial role in the underwriting process, which establishes not only acceptance but also the terms of coverage, premiums, and policy limits. The underwriter's expertise in assessing risk ensures that the insurance company can maintain profitability while providing adequate coverage for policyholders.