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Insurance Underwriting Process

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following factors would the underwriter NOT consider as part of the underwriting process?

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1. Which of the following sources of information would an underwriter NOT use to determine an applicant's risk?

2. Which of the following does NOT represent a risk classification of the underwriting process?

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About This Quiz & Worksheet

You can quickly check your knowledge of underwriting in insurance thanks to the quiz and worksheet. You can do well on the quiz if you understand risk classifications.

Quiz & Worksheet Goals

These tools help gauge your comprehension of the following topics:

  • Risk classification that is the most common
  • Things that represent risk classifications of the underwriting process
  • A risk classification that would have the lowest policy premium
  • Factors that the underwriter would consider as part of the underwriting process
  • Sources an underwriter would use to determine an applicant's risk

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the lesson on the underwriting process in insurance
  • Knowledge application - use your knowledge to answer questions about risk classifications
  • Information recall - access the knowledge you have gained about the risk classification that is most common

Additional Learning

Study more about this process by working through the lesson called Insurance Underwriting Process. This lesson helps you:

  • Determine what underwriting refers to in insurance
  • Review examples of risk classifications
  • Identify roles of an underwriter
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