Preview Questions Underwriter | Role Specific Skill

Question 1: What is the best approach for an underwriter to take when explaining the terms of a policy to a client with a language barrier?

Which action should you take?

Choose only one option

Assume the client understands and skip over difficult sections

Use technical terms to ensure clarity and professionalism

Use simple language, visual aids, and offer additional support from a translator if needed

Speak more slowly and hope the client will understand the details

Question 2: What action should an underwriter take when a claim exceeds the policy's coverage limit?

Which action should you take?

Choose only one option

Notify the claimant and assess whether partial payment is necessary or the claim needs to be adjusted

Request additional premiums from the claimant

Approve the claim in full

Increase the policy's coverage limit for future claims

Question 3: In the context of health insurance underwriting, why is it important to review policy exclusions related to pre-existing conditions?

Which action should you take?

Choose only one option

To reduce the policyholder's claims history

To ensure that exclusions accurately reflect the applicant's medical history and are in compliance with regulations

To expand the coverage options for all policyholders

To increase premiums for those with pre-existing conditions

Question 4: During policy renewal reviews, what should an underwriter assess to maintain policy accuracy?

Which action should you take?

Choose only one option

Changes in the policyholder's risk profile, including new exposures or increased risk

The marketing strategies used to acquire the client

The total number of claims filed by the policyholder

Only the premium amounts

Question 5: What is the primary purpose of conducting know your customer (KYC) checks in underwriting?

Which action should you take?

Choose only one option

To ensure that the client is not involved in illegal activities such as money laundering

To assess the client's credit score

To speed up the underwriting process

To build rapport with the client

Question 6: How does an underwriter evaluate a group health insurance policy for a corporate client with diverse employee demographics?

Which action should you take?

Choose only one option

By examining only the claim history of the company

By relying on the premiums paid by the client for risk assessment

By assessing the risk profile of the entire employee population, including pre-existing conditions

By focusing on the average age and gender distribution alone