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- 1. Multiple Choice
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
- 2. Multiple Choice
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
- 3. Multiple Choice
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
- 4. Multiple Choice
Which of the following Factor is not Considered in Life Insurance Underwriting
Health Related
Life Style & habits
Occupation
Level of happiness
- 5. Multiple Choice
Age is an example of
Physical Hazard
Occupational Hazard
Moral Hazard
- 6. Multiple Choice
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
- 7. Multiple Choice
Scuba diving is an example of
High risk avocation
Low risk avocation
- 8. Multiple Choice
Climate change is an example of
Residential Risk
Occupational risk
- 9. Multiple Choice
Which of the following is not a tool for Medical Underwriting
Medical Reports
Attending Physician’s Statement
Medical Check-up Questionnaire
Form 16
- 10. Multiple Choice
__________________ 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
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