Question 3016 of 287 · Texas Life, Accident and Health Agent Exam
Risk classification places a proposed insured in a group with similar risks, which might be
Exactly one answer is correct.
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Correct answer to question 3016
- B: preferred, standard, or substandard (rated)
Explanation
The underwriter classifies the risk based on health, age, occupation, and habits and sets the premium accordingly. Substandard risks pay higher premiums or have restricted coverage.
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