Question

What is the purpose of assessing extra exposure to risk in high-risk occupations and avocations?

a.

To increase the premium for the individual

b.

To assess the association with physical injuries, diseases and psychological conditions

c.

To discourage people from pursuing high-risk occupations

d.

To increase the chances of accidental death or disability

Posted under IC22 Life Insurance Underwriting

Answer: (b).To assess the association with physical injuries, diseases and psychological conditions Explanation:Certain occupations and avocations expose individuals to extra risk of accidental death or disability, and underwriters need to assess this extra exposure to risk by gathering details of the occupation, nature of duties, activities performed, etc. in order to appreciate the association of such occupations and avocations with physical injuries, diseases, and psychological conditions. This information is necessary to properly evaluate the risk and determine the appropriate premium for the individual.

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Q. What is the purpose of assessing extra exposure to risk in high-risk occupations and avocations?
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