Question
a.
Accepting the risk at the policy commencement stage
b.
Declining the proposal in case of uninsurable health conditions
c.
Deferring the risk cover for a specified period
d.
Accepting the risk automatically after the specified period of postponement
Posted under IC22 Life Insurance Underwriting
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. What is the Postponement of acceptance of risk in the insurance industry?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. In what scenario can an underwriter take a decision to postpone a proposal?
View solution
Q. How is the proposal evaluated after the postponement period in the underwriting process?
View solution
Q. What is the benefit of postponement of acceptance of risk to the client and insurer?
View solution
Q. When can the acceptance of risk be postponed for a female applicant in the insurance industry?
View solution
Q. What is the benefit of postponing the acceptance of risk?
View solution
Q. What happens to a proposal after the postponement period?
View solution
Q. What is the reason for declining a proposal?
View solution
Q. What happens to the bonus for 'with profit' policies in case of diminishing lien, if the insured dies within the lien period?
View solution
Q. What is life insurance underwriting?
View solution
Q. What is the purpose of statistical data in a mortality table?
View solution
Q. What is sub-standard risk?
View solution
Q. What is the diminishing lien method?
View solution
Q. What is the specific exclusions method?
View solution
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!