--- means that, the Applicants, Who are exposed to Similar Degrees of Risk, must be placed in the Same Premium-Class.

Related MCQs

• If Insurance Firm accepts such Applicants, Who are at a Greater Than Normal Risk or are Not Insurable, but conceal or falsify the Information about their Actual Condition or Situation, so that, they get Insurance, then this will be known as --. Choose the Most Appropriate Option.
• If, Mr. Brijesh, a 40-Years' Old Individual, is perceived as a 'Sub-Standard Risk', by the Insurance Company, then, Which One of the Following Statements, will Hold True, with Regard to Risk-Acceptance by the Insurance Company?
• Who among the Following, is Likely to be Exposed to Health-Hazard, in His or Her Occupation?
• Who among the Following, is Likely to be Exposed to Accidental Hazard, in His or Her Occupation? Choose the Most Appropriate Option.
• Who among the Following Individuals, are considered as High-Risk by Insurance Companies? Choose the Most Appropriate Option.
• Mr. Vimal is a 32-Years' Old, Healthy, Non-Smoker, Teetotaller Individual; Who applies for Life Assurance from ABC Limited Insurance Company. Which One of the Following Statements, will Hold True, with Regard to Risk-Acceptance by the Insurance Company?
• What is meant by 'Risk-Classification'? Choose the Most Appropriate Option.
• Which One of the Following Statements, is Correct, with Regard to 'Sub-Standard Lives', under Risk- Classification? Choose the Most Appropriate Option.
• Which One of the Following Statements, is Correct, with Regard to 'Declined Lives', under Risk- Classification?
• If an Insurance Company accepts a Risk, with a Lien on Sum-Assured, then What Does this imply?