Which of the Following Attributes Would Not Be Used by an Underwriter

question 82

Multiple Choice

Which of the following attributes would not be used by an underwriter to determine the appropriate premiums to charge for insurance?

• A)Marital status
• B)Gender
• C)Health
• D)Age
• E)Occupation

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Definitions:

Variable Overhead

Costs of indirect manufacturing that change with the level of production output, such as utilities for the manufacturing plant.

Efficiency Variance

The difference between the actual amount of input (time, materials, etc.) used in production and the standard amount expected to be used.

Direct Labor-Hours

The sum of the hours spent by workers directly manufacturing a product.

Variable Overhead

Indirect production costs that fluctuate with the level of output, such as utilities or materials used in the manufacturing process.