The use of an applicant's personal opinions by underwriters for rating criteria directly violates which guiding principle of underwriting?
A) Separation and class homogeneity
B) Reliability
C) Incentive value
D) Social acceptability
Correct Answer:
Verified
Q8: The Norris and Manhart cases resulted in
Q9: In which of the following insurance pools
Q10: A reciprocal exchange is:
A) a nonprofit corporation
B)
Q11: If you were a life insurance underwriter,
Q12: All the following are true about fraternal
Q14: The Gramm-Leach-Bliley (GLB) Act:
A) allows banks to
Q15: A mutual insurer:
A) is not a corporation
B)
Q16: The term "demutualization" refers to:
A) the process
Q17: An assessment mutual:
A) provides primarily fire and
Q18: All the following are necessary for an
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