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Underwriters > Underwriters > Flashcards

Underwriters Flashcards

1
Q

The tendency of a disproportionate number of poor risk to seek or buy insurance or maintain existing Insurance in force ie the selection against an insurance company

A

ADVERSE SELECTION

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2
Q

Date halfway between birthdays when the applicants age changes to the next tire age nearest birthday on last birthday

A

Age change

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3
Q

Agent statement against records personal observations about the prospect insured provides relevant underwriting info to insurance carrier

A

Agents report

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4
Q

Person completing the application to the insurance company for the insurance policy applicant proposed insured sometimes

A

Applicant

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5
Q

Statement of info given when a person applies for insurance

A

Application

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6
Q

Insurance request an attending physician statement when underwriting need additional detail regarding medical condition revealed on application

A

Attending physician statement

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Underwriters (8 decks)

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