Q. What factors determine the amount of premium loading an insurer imposes?

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

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Q. When is a proposal referred to reinsurers for their decision?

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Q. When is a policy issued with extra premium?

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Q. What is a modified terms contract?

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Q. How are the terms of acceptance communicated to the client?

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Q. What is the dating back of policy?

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Q. Why do insurers allow dating back of policy?

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Q. What is the advantage of dating back of policy?

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Q. Can term plans be back-dated?

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Q. How does dating back of policy benefit the insured?

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Q. What is the maximum duration within which a policy can be back-dated?

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Q. Can backdating of a policy go beyond the financial year in which the application is taken for policy issuance?

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Q. Is interest charged for dating back a policy for certain plans?

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Q. In policies which are dated back, what is the difference between the date of commencement of policy and the date of commencement of risk?

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Q. Can a policy be dated back if the insured is not eligible for insurance on the date of application?

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Q. What is extra mortality rate (EMR)?

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Q. How is the final rate determined in the numerical rating method?

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