Factors That May Result in More Restrictive Underwriting Decisions Include

question 37

Multiple Choice

Factors that may result in more restrictive underwriting decisions include which of the following?
I.Inadequate rates.
II.The unavailability of reinsurance at favorable terms.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Need For Cognition

A psychological trait that describes an individual's inclination towards engaging in and enjoying thinking and analytical activities.

Critically And Analytically

Engaging with information or problems in a way that involves careful judgment and the use of logical reasoning.

Persuadability

The quality or characteristic of being easily influenced or convinced by arguments, appeals, or suggestions.

Education And Intelligence

The process of acquiring knowledge, skills, values, and attitudes through study and experiences, and the ability to apply these cognitive skills towards effective problem-solving and adaptation to the environment.