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Which of the following best describes a substandard risk?
Options
a. An applicant who has poor health which often results in an exclusion or impairment rider or waiver attached to the policy and who may have higher premium rates.
b. An applicant who has better than average health and who consequently may have lower premium rates.
c. An applicant who has normal risks with high premium rates.
d. An applicant who has lower than average health risk which often results with an exclusion or impairment rider or waiver attached to the policy.
Answer: A
The above question Which of the following best describes a substandard risk?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
