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  • 03-05-2019
  • Business
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What is risk classification?

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Аноним Аноним
  • 03-05-2019

Risk classification refers to the determination of whether a risk is preferred, standard or substandard based on the underwriting or risk evaluation process.

Standard risks are those who bear the same health, habit and occupational characteristics as the persons on whose lives the mortality table used was compiled.

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