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

Q. What are rating factors in underwriting?

View solution

Q. How might women's insurability in life insurance be influenced?

View solution

Q. Under what conditions may a life insurance proposal for a minor be submitted?

View solution

Q. What factors are considered when assessing insurance for minors?

View solution

Q. When does the amount of insurance raise concerns for an underwriter?

View solution

Q. What percentage of an individual's annual income is generally considered acceptable for life insurance premiums?

View solution

Q. Why does the age of the proposed insured raise concerns for underwriters?

View solution

Q. What kind of special reports might life insurers request for high sums assured or advanced age proposals?

View solution

Q. In which situation might an underwriter inquire further about a proposal?

View solution

Q. Why might an underwriter inquire about a proposal made at a branch located far away from the proposed insured's residence?

View solution

Q. What is the primary source of occupational hazards that can affect insurability?

View solution

Q. Which of the following is an example of a health hazard related to an occupation?

View solution