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Firm underwriting
what is the treatment of firm underwriting in underwriting chapter of group 2 ? whether is treated as marked application or unmarked ? i m really confused plz help me out with examples
Replies (2)
It depends on problem friend
if firm underwriting forms part of marked application and benefit for frm underwriting is given provide the benefit
if not divide based on gross liabilty ratio ot as per the given ratio
if total applications are given but its not expressly mentioned that wht to do then make suitable assumption
sir, in ca ipcc nov 15 exam its not clearey expreesed about firm underwriting they distribute along with unmarked?
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