Q. What is the basis of selection and classification of lives in the numerical rating method?

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Q. What affects one's mortality in either a positive or negative way in the numerical rating method?

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Q. What are credit or debit points in the numerical rating method?

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Q. What is the difference between standard risk and sub-standard risk?

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Q. Which method of underwriting is rarely used in present times?

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Q. How are applicants classified in the numerical rating method?

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Q. What are the limitations of the judgment method?

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Q. How are individuals grouped in the numerical rating method?

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Q. What factors are evaluated in the underwriting manual?

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Q. What are rating guides and manuals used for in the insurance industry?

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Q. What is the basis of underwriting guidelines in the numerical rating method?

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Q. Which of the following is not one of the factors evaluated in the underwriting process?

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Q. How are favourable attributes and unfavourable attributes treated in the underwriting process?

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Q. What is the final extra mortality rating based on in the numerical rating method?

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Q. What are the different factors used for assessment by underwriters?

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Q. Which factors (other than health related) are included in the 1st phase of assessment by underwriters?

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Q. Which factors (other than health related) are included in the 2nd phase of assessment by underwriters?

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Q. Which factors (other than health related) are included in the 3rd phase of assessment by underwriters?

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Q. How do underwriters make a numerical or percentage assessment of risk for each phase?

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Q. What are the steps involved in the numerical rating method used by underwriters?

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