Which of the Following Statements Is True About Group Underwriting

question 55

Multiple Choice

Which of the following statements is true about group underwriting?

• A)The purchaser files an application and takes a medical examination.
• B)On the basis of the medical examination conducted, the underwriter decides whether or not to issue insurance, and on what terms.
• C)The merits of each application are decided individually.
• D)It involves an application to the insurer by each participant.
• E)The insurer makes an underwriting decision based on group characteristics.

---

Definitions:

Extrapolation

To predict corresponding variables outside of the domain.

Regression Line

In statistics, a line that best fits a set of data points, reflecting the relationship between an independent variable and a dependent variable.

Correlation

An association between two variables.

Scatterplot

A type of graph in statistics used to display values for typically two variables for a set of data.