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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
The above question Which of the following statements about the classification of applicants is INCORRECT?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
