Q. What is the combined effect of unfavourable factors in the risk classification process?

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Q. How is the total credit rating for extra mortality calculated for an individual with multiple unfavourable factors?

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Q. What is the "combination factor" in underwriting?

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Q. What are some advantages of the numerical rating system in underwriting?

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Q. Why is charging a level extra premium for substandard lives throughout the term of the policy contract considered unfair for some individuals?

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Q. What is a temporary extra in the context of the numerical rating system?

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Q. What is a limitation of the numerical rating system?

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Q. How does an individual's occupation impact their risk profile?

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Q. Which of the following is an example of how an occupation can impact an individual's risk profile?

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Q. What does an underwriter need to review when assessing the risk of an individual's occupation?

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Q. What is the impact of traveling to foreign countries on an individual's underwriting decision?

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Q. In the numerical rating method, which of the following factors is assessed for risk evaluation?

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Q. What is the underwriter's role in assessing the insurance cover applied for by the client?

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Q. What is "moral hazard" in insurance underwriting?

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Q. What is taken into account when looking at the financial aspects of the applicant's insurance application?

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Q. What are the documents necessary for risk selection?

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Q. What does the underwriter do after assessing extra mortality rates?

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Q. What is an underwriter's decision when accepting a sub-standard risk?

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Q. What is the purpose of charging an extra premium?

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Q. What are the documents necessary for risk selection that an underwriter needs to review?

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