Which of the following is not an underwriting decision?

The correct answer is D. Claim rejection.

Underwriting is the process of assessing the risk of an insurance policy and deciding whether to accept or decline the risk. The underwriter will consider a number of factors, including the applicant’s age, health, occupation, and financial situation. If the underwriter accepts the risk, they will set the premium rate.

Claim rejection is not an underwriting decision. It is a decision that is made after a claim has been submitted. The claims adjuster will review the claim and decide whether to pay it or not. If the claims adjuster decides not to pay the claim, they will issue a denial letter.

Here is a brief explanation of each option:

• A. Risk acceptance at standard rates: This is an underwriting decision. The underwriter has decided to accept the risk and has set the premium rate at the standard rate.
• B. Declinature of risk: This is an underwriting decision. The underwriter has decided to decline the risk. The applicant will not be able to obtain insurance from the underwriter.
• C. Postponement of risk: This is an underwriting decision. The underwriter has decided to postpone the decision on whether to accept or decline the risk. The applicant will need to provide additional information before the underwriter can make a decision.
• D. Claim rejection: This is not an underwriting decision. It is a decision that is made after a claim has been submitted. The claims adjuster will review the claim and decide whether to pay it or not. If the claims adjuster decides not to pay the claim, they will issue a denial letter.