CHAPTER 3

The followings are the actions taken by underwriter EXCEPT

• Accepted as preferred basis

• Rejected

• Accepted as substandard basis

• Accepted without hesitation

How many classes of occupation in underwriting segments?

• 3

• 4

• 2

• 5

The qualifying period practice for moratoria is

• 3 years

• 1 year

• 2 years

• 4 years

A __________ is not a ‘no claim bonus’ but tagged to the policyholders as an incentive to continue insuring with the existing insurer.

• No Claim Discount

• Excess

• Co insurance

• Loyalty discount

________ can also be applied for hazardous occupation risks or hazardous sports activities that may increase the incidence rate of injury.

• No Claim Discount

• Exclusion

• Provider Network

• Excess

2 basic elements of risk assessment are underwriting the risk and ___________.

• Appropriately pricing the risk

• Non pricing the risk

• Adequately pricing the risk

• Set the premium

Who calculate the risk of the proposer?

• Underwriter

• Insurer

• Insured

• Medical personnel

2 basic elements in premium are

• Risk premium & underwriting

• Risk premium & expense loading

• Risk premium & administrative charges

• Risk premium & profit

In Malaysia, the guideline on the doctors fees is regulated under _________ of the Private Healthcare Facilities and Services.

• 10th Schedule

• 11th Schedule

• 12th Schedule

• 13th Schedule

Sharing of medical expenses between insurer and insured also known as

• Excess

• Loyalty Discount

• Co-Insurance

• Exclusion