Page 219 - IC38 GENERAL INSURANCE

Test Yourself 4
Which of the following statements about medical underwriting is incorrect?
I. It involves high cost in collecting and assessing medical reports.
II. Current health status and age are the key factors in medical underwriting

for health insurance.
III. Proposers have to undergo medical and pathological investigations to assess

their health risk profile.
IV. Percentage assessment is made on each component of the risk.

V.

Diagram 1: Underwriting process

213