Chapter 21 - Mortality And Morbidity Flashcards
1
Q
Risk classification
A
Use rating factors to identify characteristics of risks
Pool risks into homogenous groups
Can charge same premium for group
Anti selection when heterogeneity exists
2
Q
Principal factors contributing to variations in mortality and morbidity
A
Occupation Nutrition Housing Climate/geography Education Genetics HIV
3
Q
Selection
A
Temporary initial selections Class selection Time selection Adverse selection Spurious selection
4
Q
Decrements and selective effect
A
Decrement may have select affect
