Which of the following statements about the classification of applicants is INCORRECT?

Insurance

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Which of the following statements about the classification of applicants is INCORRECT?

Substandard applicants are never declined by underwriters

Substandard applicants are occasionally declined by underwriters

Preferred risk applicants typically have better premium rates than standard risk applicants

An applicant can be classified as substandard risk because of a hazardous job

Answer: Substandard applicants are never declined by underwriters

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