Question

What are the limitations of the judgment method?

a.

It is inconsistent and very subjective

b.

The method of risk classification was found to be inconsistent and not scientific

c.

Both a and b

d.

None of the above

Posted under IC22 Life Insurance Underwriting

Answer: (c).Both a and b Explanation:The limitations of the judgment method are that it was found to be inconsistent and very subjective, depending on the expertise of the underwriter, and the method of risk classification was found to be inconsistent and not scientific.

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Q. What are the limitations of the judgment method?
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