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WorksheetsUnderwriting Made Simple
Total questions: 10
Worksheet time: 8mins
Which of the following sentence is not correct related to an underwriter?
Underwriter does what a doctor does - gets relevant information from the applicant through various sources.
Underwriter analyses the gathered data and then assesses the risk
Underwriter then takes a decision whether the case is acceptable or not.
Underwriter determines whether the claim will be paid by insurer or not
Life Insurer needs a Selector & a Selection process to sort the healthy & unhealthy people & ensure that every new entrant into the pool has similar exposure to the risks as the others.
This statement is True
This statement is false
Life Insurance underwriting is the process of assessing, selecting, classifying, evaluating, measuring & rating the level of risk associated with an individual & then taking a decision whether to select that risk or not & if selected, also deciding the terms of acceptance.
This statement is wrong
This statement is right
Which of the following Factor is not Considered in Life Insurance Underwriting
Health Related
Life Style & habits
Occupation
Level of happiness
Age is an example of
Physical Hazard
Occupational Hazard
Moral Hazard
Coal Miner’s job is riskier than that of a person working in an office. This is an example of
Physical Hazard
Occupational Hazard
Moral Hazard
Scuba diving is an example of
High risk avocation
Low risk avocation
Climate change is an example of
Residential Risk
Occupational risk
Which of the following is not a tool for Medical Underwriting
Medical Reports
Attending Physician’s Statement
Medical Check-up Questionnaire
Form 16
__________________ is the process of determining the amount of insurance cover that is justified for a person with regards to his/her income.
Financial Underwriting
Medical Underwriting
Non Medical Underwriting
