New York State Life Insurance Exam Questions Practice Question
When underwriting group life insurance, the underwriter
Correct Answer: A
Rationale: In underwriting group life insurance, evaluating the group as a whole (Option A) is essential because it allows the underwriter to assess the collective risk and characteristics of the entire group rather than focusing on individual members. This approach streamlines the process and reflects the shared risk among participants.
Option B is incorrect as not every group member needs to be covered; some may opt out. Option C is misleading since group underwriting emphasizes collective assessment, not individual evaluations. Lastly, Option D is inaccurate because underwriters typically do not require medical information from each individual in a group setting, relying instead on the overall health profile of the group.
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