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Business Math17th EditionMary Hansen 3,598 solutions Which is the primary source of information used for insurance underwriting?The insurance application is the primary source of information available to the underwriter. The app needs to be reviewed by the underwriter. The producing agent (ME) or broker provides information to an underwriter regarding the applicant and the proposed exposure. Underwriters needs to make sure property exists.
Which of the following best details the underwriting process?Which of the following best details the underwriting process for life insurance? The underwriting process is accomplished by reviewing and evaluating information about an applicant and applying what is known of the individual against the insurer's standards and guidelines for insurability and premium rates.
Which of the following is one of the main tasks of a field underwriter?What Does a Field Underwriter Do? Field underwriters inspect the property listed in insurance applications to determine whether or not their employer should approve the application and provide coverage for the home, building, car, or other property.
What is the purpose of underwriting quizlet?underwriters minimize the risk of adverse selection by carefully selecting the applicants whose loss exposures they are willing to insure, charging appropriate premiums for applicants they do accept with premiums that accurately reflect their loss exposures.
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Which of the following would provide an underwriter with information concerning an applicant health history quizlet?
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