Question

In what situations can an underwriter choose to accept a sub-standard risk by charging extra premium?

a.

Only for the entire policy term

b.

Only for a limited period

c.

For both the entire policy term or for a limited period, depending upon the adverse factors

d.

None of the above

Posted under IC22 Life Insurance Underwriting

Answer: (c).For both the entire policy term or for a limited period, depending upon the adverse factors Explanation:An underwriter can choose to accept a sub-standard risk by charging extra premium, which can be charged either for the entire policy term or for a limited period, depending upon the adverse factors.

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Q. In what situations can an underwriter choose to accept a sub-standard risk by charging extra premium?
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