Q. What should underwriting decisions be backed with?

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Q. In what circumstances may an individual be declined for insurance coverage?

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Q. What is meant by accepting the risk with loading?

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Q. What factors do underwriters consider when assessing the risk associated with an individual?

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Q. What is the rationale behind requiring underwriting decisions to be backed by supporting documentation?

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Q. What is the reason for declining coverage for an individual with severe medical conditions?

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Q. What is the purpose of postponing life insurance offers for individuals with initial high-risk period?

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Q. How long can the life insurance offer be postponed for individuals with initial high-risk period?

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Q. What does it mean to accept the risk with exclusion in insurance?

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Q. In what situation would exclusions be used in health insurance?

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Q. What happens if an individual with an exclusion clause experiences a recurrence of symptoms directly connected to the excluded risk?

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Q. ___________ is the frequency with which a disease appears in a given group of people on the basis of their age. gender and occupation.

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Q. What is the fundamental principle of life assurance?

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Q. What is standard risk?

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Q. What is sub-standard risk?

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Q. Why do insurance companies differentiate between standard and sub-standard risks?

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Q. What is the underwriter's role in risk assessment?

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Q. What is the fundamental principle of life assurance?

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Q. What are the two classifications of risk associated with an individual?

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Q. If an individual is considered low risk and insurable at standard premium rates by insurance companies, what type of risk is associated with the individual?

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