how to classify the underwriting
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Though all insurers have their own forms and processes of underwriting, there are typical classifications for underwriting policies that have a direct effect on premiums.
Preferred Risk. The preferred risk is favored by insurers. ...
Standard Risk. ...
Substandard Risk.
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Though all insurers have their own forms and processes of underwriting, there are typical classifications for underwriting policies that have a direct effect on premiums.
Preferred Risk. The preferred risk is favored by insurers. ...
Standard Risk. ...
Substandard Risk.
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