Life Insurance Basics
How may an insurer use a Medical Information Bureau record in underwriting an application?
Answer and explanation
Answer: D. A bureau code signals that a condition was reported to some member at some time, so it directs the underwriter to investigate rather than supplying a ground for declination. The codes are brief and dated, and cannot replace the application or an examination.Source: PSI — New York DFS Insurance Candidate Information Bulletin — Outline, Medical Information Bureau
More life insurance basics questions
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