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A candidate for accident and health insurance holds positions with two distinct companies. The insurance policy will be underwritten using the riskier of the two.
What is meant by the phrase "underwrite risk"?
The risk of underwriting is the chance that an insurance policy may be written with unanticipated events or a wrong risk estimate. If the insurer underestimates the risks connected with providing coverage, it can end up having to pay out more than it receives in premiums.
What exactly does an underwritten health insurance plan entail?
a technique used by insurance companies to evaluate your health status when you apply for health insurance coverage in order to determine whether to approve your application, how much your coverage will cost, and what exclusions or limits it will have.
What advantages does underwriting in health insurance offer?
Underwriting, which involves your insurance provider assessing your eligibility for coverage based on the information you provide and the information it collects to assess the risk of extending you a policy, is a crucial step in the insurance application process.
Learn more about underwriting in health insurance : https://brainly.com/question/28460501
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