Question

Which of the following statements about medical underwriting is incorrect?

a.

It involves high cost in collecting and assessing medical reports.

b.

Current health status and age are the key factors in medical underwriting for health insurance.

c.

Proposers have to undergo medical and pathological investigations to assess their health risk profile.

d.

Percentage assessment is made on each component of the risk.

Posted under IC38 Life Insurance Agent Exam

Answer: (d).Percentage assessment is made on each component of the risk. Explanation:Percentage assessment is not a common practice in medical underwriting. Instead, medical underwriting involves assessing various factors, such as the proposer's health status, age, and other risk-related criteria.

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Q. Which of the following statements about medical underwriting is incorrect?
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