Question: Group underwriting is the insurance function that is responsible for assessing and classifying the degree of risk represented by a proposed group. The primary purpose
Group underwriting is the insurance function that is responsible for assessing and classifying the degree of risk represented by a proposed group. The primary purpose of group underwriting is to
A. accept the smallest number of qualified proposed groups while keeping the insurer financially sound
B.assign as many proposed groups as possible to the preferred risk class
C. provide each proposed group with an equitable, consistent evaluation and charge an appropriate premium for the coverage offered
D. maintain equity among proposed groups by subjecting all insurance applications to the same degree of underwriting
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