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Underwriting Principles and Controls is an insurance continuing education study that explores basic ideas behind the system of risk selection. Examine how an underwriter functions. Become familiar with the types of underwriters, the skills required, and the criteria used in risk assessment. Discover the terms and process of ratemaking. Review legal issues affecting underwriting and the effects of the "Americans with Disability Act." As an insurance professional become familiarized with the economics of underwriting. Review privacy and privacy protection. Examine the impact genetics has on underwriting. Study the relationship between underwriting and reserves. Look at loss reserving and pricing as well as the concept behind reserve development. Study taxation of insurers and how it is affected by reserves. Become better acquainted with actuarial reserves and Statutory Accounting rules.