Classes of insured consist of insured who share similar characteristics.____ applicants in the class may qualify for lower premiums.
A)Standard
B)Preferred
C)Unacceptable
D)Substandard

Question

Quizplus · Accepted Answer

Preferred classes of insured have the best health and lifestyle characteristics, so they may qualify for lower premiums. Standard applicants are average and considered relatively healthy, while substandard and unacceptable applicants have higher risk factors and may have to pay higher premiums.

Classes of Insured Consist of Insured Who Share Similar Characteristics