Question

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

a.

It is based on the underwriter's estimate of the level of risk.

b.

It is based on the proposer's income.

c.

It is based on the proposer's credit score.

d.

It is determined from the premium table prepared by actuaries.

Posted under IC22 Life Insurance Underwriting

Answer: (d).It is determined from the premium table prepared by actuaries. Explanation:The premium to be charged to the proposer is determined from the premium table prepared by actuaries.

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