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American_Bankers_Association

CTFA · Question #320

Underwriting directly affects an insurance company's chances of success. If underwriting standards are too high, then people will be unjustly denied insurance converge and insurance sales will:

The correct answer is C. Drop. See the full explanation below for the reasoning.

Fiduciary and Trust Activities

Question

Underwriting directly affects an insurance company's chances of success. If underwriting standards are too high, then people will be unjustly denied insurance converge and insurance sales will:

Options

  • ABoost up
  • BRise
  • CDrop
  • DRemain same

How the community answered

(41 responses)
  • A
    17% (7)
  • B
    2% (1)
  • C
    73% (30)
  • D
    7% (3)

Topics

#underwriting standards#insurance sales#risk selection#coverage denial

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