One source of life and health insurance underwriting information is an organization that life and health insurance companies can join.
As a member, life and health insurance companies report health impairments of applicants, and this information is shared with member companies. Although the information is shared, the underwriting decision of the member company is not disclosed. What is this organization called?
A) Fair Isaac Corporation (FICO)
B) Medical Information Bureau (MIB)
C) National Association of Insurance Commissioners (NAIC)
D) National Association of Mutual Insurance Companies (NAMIC)
Question 2
Which of the following statements about underwriting standards is (are) true?
I. One purpose of underwriting standards is to reduce adverse selection against the insurer.
II. Equitable rates should be charged so that each group of policyowners pays its own way in terms of losses and expenses.
A) I only
B) II only
C) both I and II
D) neither I nor II
The information coded in DNA
The spongy bone in the top of the femur changes density and organization during growth.
Typical life cycle of the tick family.
Old Age and Health
Drosophila life cycle
Life cycle of Dictyostelium discoideum, a cellular slime mold