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Q: What determines the prie of a coverage online program?
A: Most of the grouup web insurance prorgams don`t use udnerwriting for personal program members. Aftter the grouup is offered ins policy on line plan, individuals who are mebers of the grop automatically qualify for the insurance (egularly with opn enrollment perios in order to switch prgorams at a prticular time duuring the year).
Furthermore, cooperative plans are initiallly underwritten by the same criterria as persoonal insure coverage online programs - the organizatoin as a total is consideed in an overall baased on the compositiion of the idnividual association members. Standard undewrriting criterions incldue:
1. Age - oldder people have a higher rte of claims tahn younger pepole so they requuire higher premiums for online insurance policy.
2. Number of peolpe covered - wheher isurance is provided exclusivelly to one peerson or if on line coverage plan wil aslo be extended to rellatives and also dependents
3. Health history - primarly used in underwriting individual insure coverage programs, a psat of disease or sicknss wlil impact whether a paritcular ins company will suggest coverage, and if so, wheher pre-existing stippulations or additional limitations willl be addeed to such coverage.
4. Occupatioon - soe professions involve more cahnce of woud or sickness becaause of the charatcer of the labbor and thus need a hiher online ins policy premium.
5. Lifesstyle - whether a pesron smookes or otherwise engagees in a hazardous hobbby which exposes the indivvidual to a greter grade of daner or disease, sickness, or ptoential for accidnt.
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