Underwriters

Question 1

Hobbies or nonoccupational activities

Answer 1

Avocation

Question 2

Effective date of a policy earlier than the application date issue age lower than Applicants real age to get lower premiums length of a Time policy back date 6 months not allowed in variable contract

Answer 2

Backdating

Question 3

Receipt given by Insurance Company upon the completion of insurance application with applicant pay initial premium with application insurance become effective on the receipt date

Answer 3

Binding receipt on conditional receipt

Question 4

Describe a company various forms of life or health insurance key characteristics

Answer 4

Buyer’s guide

Question 5

Insurance history of claims or rate of loss

Answer 5

Claims experience

Question 6

Carriers generally base Community ratings on their overall claim experience and Healthcare cause and a geological area

Answer 6

Community rating

Question 7

Insurance issue conditional receipt when an agent collect initial premium with an application agent leaves receipts as proof

Answer 7

Conditional receipt