Vidyalelo
Commerce · Q167

Insurance

Graduate and Post Graduate · Commerce · question 167

Q167

What are the two methods of underwriting?

A.
Direct and indirect
B.
Accept and decline
C.
Judgement and numerical
Answer
D.
Open-ended and close-ended

Answer: Option C

Solution

Answer: Option C
Solution:
Judgement and numerical are the two methods of underwriting. In the judgement method, subjective judgment is used, often relying on the expert opinion of a medical professional known as the medical referee, especially when the deciding case is complex.