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General insurance chapter 1 > Insurer Underwriting > Flashcards

Insurer Underwriting Flashcards

1
Q

Underwriting Factors

A

Age
Gender
Tobacco use
Medical history and preexisting conditions
Hazardous hobbies and occupations

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2
Q

Rate

A

The dollar amount charged for a particular unit of insurance, such as $5 per $1,000 of insurance

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3
Q

Premium

A

5 rate x 50 (per $1,000 of insurance) for a $250 premium.

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General insurance chapter 1 (10 decks)

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