Which of the Following Would Not Generally Be a Responsibility

question 314

Multiple Choice

Which of the following would not generally be a responsibility of an underwriting department?

• A) Helping policy owners with requests for information, interpreting policy language, answering questions regarding policy coverage
• B) Verifying that the mortality/morbidity rates of the company's insurers do not exceed the rates assumed when the premiums were calculated
• C) Considering the applicant's age, weight, physical condition, personal/family history, and other factors to determine the degree of risk
• D) Negotiating and managing reinsurance agreements.

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Definitions:

Market Intelligence

Information relevant to a company’s markets, gathered and analyzed specifically for the purpose of accurate and confident decision-making in determining market opportunity, market penetration strategy, and market development metrics.

Aggregate Forecasts

Collective predictions regarding future demand, sales, or other metrics for a group of products or services over a certain time period.

Disaggregate Forecasts

The breakdown of comprehensive forecasts into detailed components, typically by product, geography, or customer segment, for more precise planning and management.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data values from their mean, indicating how spread out the data points are.