Q. Why are premiums for adults beyond the age of 45 years typically higher in health insurance?

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Q. How does gender impact health insurance risk?

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Q. Which factor directly affects morbidity risk in health insurance?

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Q. Why is it important to consider past illnesses or surgeries when determining health insurance policy terms?

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Q. What aspect of an insured's behavior is referred to as the moral hazard in health insurance?

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Q. Underwriting is the process of ___________.

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Q. What are the two main purposes of underwriting in the context of health insurance?

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Q. What is anti-selection in the insurance context?

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Q. What is the term for individuals whose expected morbidity (chance of falling ill) is average?

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Q. Who are considered "preferred risks" in underwriting?

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Q. What are "substandard risks" in the context of underwriting?

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Q. What is the term for individuals who are highly prone to sickness and making claims, making them difficult to insure even at higher premium rates?

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Q. What does the term "Moral Hazard" refer to in the context of insurance?

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Q. What does it mean when an individual is classified as a "Declined Risk" in underwriting?

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Q. What does primary underwriting involve in the underwriting process?

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Q. What is the role of an insurance agent in primary underwriting?

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Q. Why is the role of an agent crucial in the underwriting process?

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Q. Where does the major part of underwriting take place in the insurance company?

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Q. What is portability of health insurance as defined by IRDAI?

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Q. When can the process of portability be initiated by an insured individual?

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