Question

What decision is taken if the mortality risk is found to be substantially high and is either predicted to remain static or may increase in the future?

a.

Accept the risk

b.

Accept the risk with special terms

c.

Postpone the risk

d.

Decline the risk

Posted under IC22 Life Insurance Underwriting

Answer: (d).Decline the risk Explanation:If the mortality risk is found to be substantially high when compared to the mortality table and is either predicted to remain static or may increase in the future, the risk may be declined.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. What decision is taken if the mortality risk is found to be substantially high and is either predicted to remain static or may increase in the future?
Add Comment

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. How is the premium to be charged to the proposer determined?

View solution

Q. What is the standard premium charged to individuals?

View solution

Q. What factors are considered in life insurance underwriting?

View solution

Q. What health-related factors are evaluated in life insurance underwriting?

View solution

Q. What is evaluated in family history for life insurance underwriting?

View solution

Q. Which of the following is evaluated under lifestyle and habits for life insurance underwriting?

View solution

Q. What are some examples of high-risk hobbies evaluated in life insurance underwriting?

View solution

Q. What happens if an applicant has a history of a certain medical condition in life insurance underwriting?

View solution

Q. What may happen if an applicant has high-risk hobbies or habits in life insurance underwriting?

View solution

Q. What factors related to occupation are considered in life insurance underwriting?

View solution

Q. What financial factors are evaluated in life insurance underwriting?

View solution

Q. How does an individual's place of residence and foreign travel impact life insurance underwriting?

View solution

Q. What happens if an individual has a high-risk occupation in life insurance underwriting?

View solution

Q. How can an individual's financial condition impact life insurance underwriting?

View solution

Q. What happens if an individual travels to high-risk locations in life insurance underwriting?

View solution

Q. How does an individual's income impact life insurance underwriting?

View solution

Q. _________________ is charged to individuals if the predictive mortality does not deviate much as compared to that indicated in the mortality table provided by the actuaries.

View solution

Q. What are the two criteria used to assess individual risk?

View solution

Q. What is the mortality rate?

View solution

Q. How are mortality rates generally expressed?

View solution
View All MCQs on IC22 Life Insurance Underwriting

Recommended Subjects

Are you eager to expand your knowledge beyond IC22 Life Insurance Underwriting? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!

Human and Cultural Diversity

Explore the rich tapestry of human societies with our Human and Cultural Diversity...

Biology

Dive into the realm of life sciences with our Biology category. Explore the wonders...

DC Machines

Dive into the fundamentals of direct current (DC) machines with our specialized...

Concrete Technology

Welcome to Concrete Technology, a category that unravels the secrets behind the...

Irrigation Engineering

Master the science of Irrigation Engineering with our dedicated category. Explore...

Biochemical Engineering

Master the synergy of biology and engineering with our Biochemical Engineering...

Marketing and Marketing Management

Uncover the strategies and tactics of marketing with our Marketing and Marketing...

IC22 Life Insurance Underwriting

Prepare for success in the Insurance Institute of India (III) examination with IC22...

Heat Transfer

Explore the fascinating world of heat transfer with our Heat Transfer category....