Question

What is a green channel underwriting in life insurance?

a.

A manual underwriting process that takes several days to complete

b.

An automated rules-engine underwriting process that takes only a single day to complete

c.

A process where proposals are declined or deferred without proper evaluation

d.

A process where insurance companies charge extra premiums without proper justification

Answer: (b).An automated rules-engine underwriting process that takes only a single day to complete Explanation:A green channel underwriting in life insurance is an automated rules-engine underwriting process that allows the underwriters to concentrate on bigger and financially or medically complicated proposals. This process can be completed in as low as a single day for cases meeting certain criteria.

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Q. What is a green channel underwriting in life insurance?

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