Health · Chapter 19 · The Underwriting Process
Post-Selection Underwriting Activities
Definition
The underwriting department's work once the application arrives: evaluating the risk using all appropriate information sources, then determining acceptability and classifying the applicant as a preferred, standard, or substandard risk (a substandard risk may be uninsurable or written at a higher premium).
In plain English
The home office takes over: gather evidence, grade the risk, set the price.
Example
Underwriting outcomes ripple outward: they determine the insurer's book of business, whether the insured gets coverage, and whether the agent earns a commission.
Easy to confuse with
These are what this term gets tested against — if you can't tell them apart cold, drill the contrast.
Related terms