Questões de Completing the Application, Underwriting, and Delivering Policies

1. TDI-PEARSONVUE — 2026

A proposed insured's medical examination reveals blood pressure of 160/100. The underwriter issues the policy with a permanent flat extra premium of $5 per thousand. This is an example of what underwriting action?

1. A)Declination
2. B)Standard issue
3. C)Rated policy
4. D)Conditional acceptance

Gabarito: C

A rated (substandard) policy charges an additional premium above standard rates due to elevated risk. A flat extra premium per thousand of coverage is one method of rating substandard risks.

2. TDI-PEARSONVUE — 2026

Which individual typically has insurable interest in an applicant for life insurance?

1. A)The applicant's former college roommate
2. B)The applicant's business partner in a jointly-owned company
3. C)The applicant's next-door neighbor
4. D)The agent selling the policy

Gabarito: B

Insurable interest requires a financial or familial relationship where the beneficiary would suffer economic loss from the insured's death. Business partners have insurable interest in each other. Casual relationships like neighbors or former roommates do not create insurable interest.

3. TDI-PEARSONVUE — 2026

An underwriter reviewing a life insurance application notes the applicant's occupation as 'demolition specialist.' What rating factor is the underwriter primarily considering?

1. A)Moral hazard
2. B)Physical hazard
3. C)Occupational hazard
4. D)Financial capacity

Gabarito: C

Occupation affects mortality risk. Demolition work involves higher physical danger than typical occupations, making occupational hazard the primary underwriting concern for this applicant.

4. TDI-PEARSONVUE — 2026

A producer collects the first premium with a life insurance application and issues a conditional receipt. The applicant dies the next day before underwriting is completed. Under what circumstance would the insurer likely pay the claim?

1. A)Only if the policy had been formally issued before death
2. B)If the applicant would have been found insurable as applied for
3. C)Automatically, because premium was collected
4. D)Never, because no contract was finalized

Gabarito: B

A conditional receipt (also called insurability receipt) provides temporary coverage from the date of application or medical exam if the applicant is later found to be insurable as applied for. Coverage is conditioned on subsequent approval during underwriting.

5. TDI-PEARSONVUE — 2026

What is the purpose of the attending physician statement (APS) in underwriting?

1. A)To certify that the applicant is currently under a doctor's care
2. B)To obtain detailed medical history directly from the applicant's physician
3. C)To schedule a medical examination for the applicant
4. D)To authorize emergency medical treatment if needed during underwriting

Gabarito: B

An APS is a report from the applicant's personal physician providing detailed medical history, diagnoses, treatments, and prognosis. It supplements or clarifies information from the application and medical exam.

6. TDI-PEARSONVUE — 2026

An underwriter reviews an application and determines the applicant presents a higher-than-standard risk. Which action is the underwriter most likely to take?

1. A)Automatically decline the application
2. B)Issue the policy as applied for but add exclusions
3. C)Offer coverage at a rated (substandard) premium
4. D)Require the applicant to reapply in one year

Gabarito: C

When an applicant presents higher risk but is still insurable, underwriters typically offer coverage at a higher (rated or substandard) premium to reflect the increased risk.