III IC-22 Practice Questions - III IC-22 Life Insurance Underwriting Exam

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The Numerical Rating System of underwriting, developed by Rogers and Hunter, operates on which of the following methodologies?

Evaluating risks based purely on the subjective opinion of a medical referee. Assigning risk scores based on the financial net worth of the proposer. Grouping applicants into only two categories: Standard and Declined. Setting a base value of 100 representing a standard risk, and adding debits for adverse factors and subtracting credits for favorable factors.

Correct Answer:

Setting a base value of 100 representing a standard risk, and adding debits for adverse factors and subtracting credits for favorable factors.

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