Which of the following statements is true about group underwriting?
A)The purchaser files an application and takes a medical examination.
B)On the basis of the medical examination conducted, the underwriter decides whether or not to issue insurance, and on what terms.
C)The merits of each application are decided individually.
D)It involves an application to the insurer by each participant.
E)The insurer makes an underwriting decision based on group characteristics.

Question

Quizplus · Accepted Answer

Group underwriting typically involves evaluating the risk of the group as a whole, rather than assessing individual members through medical exams or individual applications. This approach allows for coverage decisions based on the characteristics and risk profile of the group, rather than on the merits of each individual application.

Which of the Following Statements Is True About Group Underwriting