Vidyalelo
Commerce · Q474

Insurance

Graduate and Post Graduate · Commerce · question 474

Q474

Under what method of underwriting does an underwriter assign positive rating points for all negative or adverse factors (negative points for any positive or favourable factors)?

A.
Judgment
B.
Arbitrary
C.
Numerical rating
Answer
D.
Single step

Answer: Option C

Solution

Answer: Option C
Solution:
Under Numerical rating method of underwriting does an underwriter assign positive rating points for all negative or adverse factors (negative points for any positive or favourable factors). In such situations, the department may get the expert opinion of a medical doctor who is also called a medical referee.