What is underwriting, and what factors are considered in evaluating my application?
Underwriting is the process of selecting applicants for insurance and classifying them according to their degrees of insurability so that the appropriate premium rates may be charged. The process includes rejection of unacceptable risks. The underwriting process includes reviewing several factors including loss data from an insured’s previous carrier, contacting medical licensing authorities or a previous employer.
Related Questions
- What are the most important factors considered by the Admissions Committee in evaluating my application? What else do they consider?
- What factors does Transylvania consider when evaluating an application for admissions?
- What is underwriting, and what factors are considered in evaluating my application?
