Sheena is suffering from acute diabetes She has applied for an...

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Sheena is suffering from acute diabetes. She has applied for an insurance plan. In this case the underwriter is most likely to use _________ for underwriting. Choose the most appropriate option.

A. Judgment method

B. Numerical method

C. Any of the above method since an illness like diabetes does not play a major role in the underwriting process

D. Neither of the above method as diabetes cases are rejected outright

Answer: Option A

Solution (By Examveda Team)

Sheena is suffering from acute diabetes. She has applied for an insurance plan. In this case the underwriter is most likely to use Judgment method for underwriting. The judgment method is generally used where a single factor is to be considered or where the decision for acceptance or rejection is to be taken.

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Sheena is suffering from acute diabetes. She has applied for an insurance plan. In this case the underwriter is most likely to use _________ for underwriting. Choose the most appropriate option.

Solution (By Examveda Team)

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