Utah Life Producer Practice Exam

Question: 1 / 400

What is one factor that health underwriting may assess?

Occupational hazards

Credit history of the applicant

Previous insurance claims made by the applicant

Individual's health history

One of the primary factors that health underwriting evaluates is the individual's health history. This assessment is crucial as it provides insurers with insights into the applicant's past medical conditions, treatments, and overall health status, which helps assess the risk associated with providing coverage. An individual’s health history can include information about chronic diseases, previous surgeries, and any hereditary health issues that may influence future healthcare costs and risks.

While other factors such as occupational hazards, credit history, and previous insurance claims can play a role in the comprehensive underwriting process, they are not direct evaluations of the applicant's health status. Health history specifically allows the insurer to determine the likelihood of future health issues based on the applicant's past, which is vital for appropriate risk assessment and premium pricing.

Get further explanation with Examzify DeepDiveBeta
Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy