Question
a.
Preferred risks
b.
Substandard lives
c.
Declined lives
d.
Standard lives
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. Which risk class represents individuals with anticipated mortality that corresponds to standard lives?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. What characterizes "preferred risks" in life insurance underwriting?
View solution
Q. What is the classification for individuals whose impairments and anticipated extra mortality make insurance coverage unaffordable?
View solution
Q. What is the primary role of an agent in the field level underwriting process?
View solution
Q. Why is the agent considered a significant figure in the underwriting process?
View solution
Q. Where does primary underwriting, also known as field level underwriting, typically take place?
View solution
Q. What is the main level of underwriting known as?
View solution
Q. Who is responsible for considering all relevant data and deciding whether to accept a proposal for life insurance at the department level?
View solution
Q. Which underwriting method relies on subjective judgment, especially for complex cases?
View solution
Q. When using the numerical method, what type of points are assigned to negative or adverse factors?
View solution
Q. What is the sum total of positive and negative points, often referred to as?
View solution
Q. In the judgment method, when might an underwriting department seek the expert opinion of a medical doctor?
View solution
Q. What does a higher EMR indicate in underwriting?
View solution
Q. What does "Acceptance at ordinary rates (OR)" mean in underwriting decisions?
View solution
Q. In underwriting, what is the most common way of dealing with the large majority of sub-standard risks?
View solution
Q. What is the purpose of accepting with a lien on the sum assured in underwriting?
View solution
Q. What does a restrictive clause in underwriting do?
View solution
Q. When might an underwriter decide to postpone acceptance of a risk?
View solution
Q. Which of the following cases is likely to be declined or postponed by a life insurer?
View solution
Q. What are non-medical underwriting proposals in the context of life insurance?
View solution
Q. What conditions are necessary for non-medical underwriting to be applicable?
View solution
Recommended Subjects
Are you eager to expand your knowledge beyond IC38 Life Insurance Agent Exam? We've handpicked a range of related categories that you might find intriguing.
Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!
