Q. How does strict underwriting benefit customers?

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Q. What additional benefit is gained with strict underwriting controls?

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Q. What factor influences the decision on mortality rates used by insurers?

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Q. Why is it important to assess the expected change in experience over time?

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Q. How often are historical investigations typically conducted?

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Q. Which type of insurance contract is considered to have higher mortality risk?

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Q. Why are long-term policies considered riskier in terms of mortality rates?

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Q. Why is the available mortality experience within the company or industry important for determining mortality rates?

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Q. What role do reinsurer's rates play in determining mortality rates?

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Q. Why is past experience of mortality rates in the economy important?

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Q. How do overseas operations of an insurer impact the determination of mortality rates?

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Q. What operational risk is associated with the acceptance of claims?

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Q. What is the primary purpose of using a standard table for mortality rates?

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Q. Why might a company adjust mortality rates from a standard table?

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Q. What alternative data source can be used if a company lacks adequate mortality experience?

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Q. Why is it important to avoid using very old data for mortality rate adjustments?

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Q. What is the typical period of data used for mortality investigations?

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Q. Why might data be classified into similar groups during analysis?

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Q. When might further adjustments need to be made to the adjusted mortality rates?

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Q. Why is it important to consider expected changes in mortality rates over time?

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