Under risk classification, _________ consist of those whose anticipated mortality corresponds to the standard lives represented by the mortality table.

A Standard lives
B Preferred risks
C Sub-standard lives
D Declined lives

Correct Answer: Standard lives

Under risk classification, Standard lives consist of those whose anticipated mortality corresponds to the standard lives represented by the mortality table. Mortality tables are the most important basis for charging the premium.
Bissoy MCQ
#Commerce #Insurance

Related Questions

In 1980, there were , on the average 10 deaths at birth (infant mortality) per 10,000 population. By 1990 , there were 8.5 and by 2000, 7.0 Today there were 5.5 deaths at birth per 10,000 population , and it is anticipated that the downward trend will continue.Each of following , if true, would help to account for this trend EXCEPT
A Medical care is more widespread are available.
B Sanitary conditions have improved.
C More effective birth control methods have been implemented.
D The number of pediatricians per 10,000 population has increased.
In 1980, there were on the average 10 deaths at birth (infant mortality) per 10,000 population. By 1990, there were 8.5 and by 200.7.0 Today there wee 5.5 deaths at birth per 10,00 populations, and it is anticipated that the downward trend will continue. Each of the following,if true, would help to account for this trend EXCEPT ---
A Medical care is more widespread are available.
B Sanitary control have improved.
C More effective birth control methods have been implemented.
D The number of pediatricians per 10,00 populations has increased
When they had a meeting seven company executives __ T, U, V, W, X, Y and Z ___ sit at a rectangular table .Three executives sit along one side of the table , and three sit along the other side, each directly opposite one of the other three. The seventh sits at the head of the table . There is no seat at the foot of the table . Ualways sits in one of te two seats farthest from the head of the table. Y and V always sit next to each other .V never sits next to Z . If Z does not sit at the head of the table, W sits there. If W sits directly opposite T, X must sit next to which of the following excutives?
A T
B U
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Baki lives miles west of Raju's . Rafiq lives 3 lives north of Raju's house and 2 miles west of Diba's house. What is the straght line distance from Baki's House to Diba's house?
A 5 miles
B 6 miles
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A Civics and 7th
B Economics and 5th
C Civics and 6th
D History and 7th
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A O
B O,S
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A M,S,R,T,P,O
B M,S,T,P,R,O
C T,O,P,S,M,R
D T,R,M,P,S,O
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A M and O
B M and S
C O and R
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B standard alphas
C alpha's variance
D variance
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A Ins. Co.
B Policyholder
C Agent
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