Questions: 11:39 E ExamFX Home / Chapter 1. Underwriting / Chapter Quiz Which is the primary source of information used for insurance underwriting? A. Application B. Applicant interviews C. Medical records D. Private investigations SUBMIT ANSWER FLASH CARDS INTRODUCTION - learning.examfx.com

The answer is A. Application

The application is the primary source of information used for insurance underwriting. It contains essential details provided by the applicant, such as personal information, health history, and other relevant data that insurers use to assess risk and determine coverage terms.

While applicant interviews can provide additional insights and clarify information, they are not typically the primary source. They are often used to supplement the information provided in the application.

Medical records are important for verifying the health information provided in the application, especially for life and health insurance. However, they are secondary to the initial application, which triggers the need for further investigation.

Private investigations are rarely used in standard underwriting processes and are typically reserved for cases where there is suspicion of fraud or when more detailed information is required. They are not a primary source of information.