Question 12009 of 303 · California Life-Only Agent Exam
A rated policy is one in which the insurer
Exactly one answer is correct.
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Correct answer to question 12009
- B: charges a higher premium because of an increased risk
Explanation
A table rating or flat extra premium compensates for elevated mortality.
More questions: Individual Underwriting, Pricing and Claims
- 12010Which of the following is a possible underwriting outcome for the insured?
- 12011Which statement about underwriting requirements is correct?
- 12012A credit or inspection report is used by underwriters to
- 12013Adverse selection in life underwriting is best controlled by
- 12014The agent's report to the insurer
- 12015Persistency in life insurance refers to