Page 55 - Life Insurance underwriting Ebook IC 22

Past record of the participant: Past accident record of the driver
helps in analyzing the experience of the participant.

Technical specifications: Vehicle design and safety features have

to be laved to check the safety parameters.

Fuel type: This includes gasoline and other more unstable and
flammable roue fuels like acetone, methanol, or nitro methane.

5. Mountaineering

Trekking: Trekking is generally safe as long as reasonable safest,
precautions are taken and adverse weather conditions avoided.

Climbing: Climbing obviously present considerable risk arising

from falls, which can often occur in remote location?

3. Explain residential risk

3.1. Residential Risk

Every country has its own unique attributes and risks. The
duration of the stay will determine the exposure of an individual

to these risks. The information of ratings can be available in the
company manual or reinsurance manual.

The terms offered can comprise of restricting certain benefits or
charging extra premium for the benefits or totally denying terms

for certain benefits.

3.2. Basic risk factors of residence

1. Climatic change

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