Question

What is the Numerical rating method in underwriting?

a.

A process that uses letters to assess risk components

b.

A process that assigns numerical or percentage assessments to risk components

c.

A process that relies on visual assessments

d.

A process that uses symbols to assess risk components

Posted under IC38 Life Insurance Agent Exam

Answer: (b).A process that assigns numerical or percentage assessments to risk components Explanation:The Numerical rating method in underwriting involves assigning numerical or percentage assessments to risk components.

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Q. What is the Numerical rating method in underwriting?
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