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
It is important to ask patients what other health care providers they are seeing, such as the dentis
Life of a Midlatitude Cyclone
Rural Life
Psychosocial health
Pizza and eating disorders can be life threatening
Life cycle of bacteriophage T4