Which of the following would be a valid reason why a policy premium would be higher than the standard premium?

Insurance

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Which of the following would be a valid reason why a policy premium would be higher than the standard premium?

Options

a) The insurer is not a member of the MIB
b) The agent quoted the wrong price
c) The insured does not have the necessary financial reserves
d) The insured does not meet established underwriting requirements

Answer: d) The insured does not meet established underwriting requirements

The above question Which of the following would be a valid reason why a policy premium would be higher than the standard premium?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.