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Question 1 of 25
1. Question
At its most basic level, the purpose of underwriting is to decide which of the following?
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Question 2 of 25
2. Question
An underwriter that works with personal lines applicants is familiar with which of the following?
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Question 3 of 25
3. Question
Traditionally, a group underwriter creates a rate for which of the following?
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Question 4 of 25
4. Question
Applicants are rejected by underwriters for which reason?
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Question 5 of 25
5. Question
Applicants are issued policies on a substandard basis for which of the following reasons?
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Question 6 of 25
6. Question
When is a policy no longer in need of underwriting?
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Question 7 of 25
7. Question
In order to avoid intentional losses, the underwriter will try to establish which of the following?
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Question 8 of 25
8. Question
Which of the following is one of the four elements of a legal insurance contract?
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Question 9 of 25
9. Question
An exempt policy holder is exempt from which of the following?
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Question 10 of 25
10. Question
A pure risk must have the potential for which two results?
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Question 11 of 25
11. Question
Why are insurers not capable of covering losses that affect many people simultaneously?
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Question 12 of 25
12. Question
Which of the following describes the type of documents an underwriter would want to help in his or her evaluation?
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Question 13 of 25
13. Question
Which part of underwriting is often directly impacted by state law?
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Question 14 of 25
14. Question
When an underwriter uses a predetermined rate found in a manual, they are using which rate assignment method?
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Question 15 of 25
15. Question
When a competitive market does not exist for some clients, what action does the state usually undertake?
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Question 16 of 25
16. Question
How do group health insurance applications compare to individual health insurance options?
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Question 17 of 25
17. Question
Which of the following is illegal to use as a factor in determining automobile insurance rates?
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Question 18 of 25
18. Question
Inland marine personal property applications include more information about which of the following than other forms of insurance?
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Question 19 of 25
19. Question
Who fills out an APS for a health insurance applications?
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Question 20 of 25
20. Question
Which types of insurance are most likely to have a site inspection as part of their application process?
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Question 21 of 25
21. Question
Insurance regulations that address insurance rates are trying to establish which of the following?
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Question 22 of 25
22. Question
What is the general term for transferring a portion or all of the insurance written by one insurer to another insurer?
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Question 23 of 25
23. Question
When underwriting insurance for clients, underwriters need to know which of the following?
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Question 24 of 25
24. Question
Life insurers can use which of the following methods when they reinsure their clients?
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Question 25 of 25
25. Question
Which of the following current technological advancements looks like it will have a significant effect of discrimination laws?
