PRUExpert LMS
(v4)
Underwriting (NMA) Exam
Name: Mary Grace Ontong
Score: 60%
Passmark: 80%
Attempted: Thursday, May 5, 2022
Attempt Number: 1
Time Taken: 00:10:03
Locked: No
Marking Required: No
Question Type: Correct Actual Answer Answer Given
Multiple Choice Considered present
if the named
beneficiary will
suffer economic
loss upon death of
the insured.
Weight: 1 Insurable interest Insurable interest
Underwriting
Anti-selection
Risk selection
Question Type: Correct Actual Answer Answer Given
Multiple Choice Process of
identifying and
classifying risk.
Weight: 1 Insurable interest
Underwriting Underwriting
Anti-selection
Impaired insurability
Question Type: Incorrect Actual Answer Answer Given
Multiple Choice Tendency of
individuals with
impaired
insurability to be
more keen in
obtaining life
insurance than
those who present
standard risks.
Weight: 1 Insurable interest
Underwriting
Anti-selection
Risk selection Risk selection
Prepared by Litmos at 5/5/2022 2:44:34 PM 1 of 7
Question Type: Correct Actual Answer Answer Given
Multiple Choice What are the
different
occupational
hazards that you
must remember?
Weight: 1 Accident prone
Health hazard
Social hazard
All of the above All of the above
Question Type: Correct Actual Answer Answer Given
Multiple Choice This gives you an
idea about any
hereditary illness
that your client
might have.
Weight: 1 Personal history
Family history Family history
Physical conditions
Avocations
Question Type: Correct Actual Answer Answer Given
Multiple Choice Client A's
application wasn't
approved in XYZ
Life Insurance
Company because
of his insurability.
Client A plans to
apply for another
life insurance policy
at LMN Life
Insurance Company.
What could possibly
happen?
Client A will not be
Weight: 1 allowed to apply from
the start
Client A's application
will be declined
Client A's application
will be approved
Either Client A's Either Client A's
application will be application will be
approved or declined approved or declined
Prepared by Litmos at 5/5/2022 2:44:34 PM 2 of 7
Question Type: Incorrect Actual Answer Answer Given
Multiple Choice Client B purchased
a policy last year
from GHI Life
Insurance Company
with a sum assured
of 3M. This year, he
plans to purchase
another policy from
the same company
with a sum assured
of 2M. He plans to
purchase his
second policy with
a life insurance
agent who has a
General Privilege.
What could possibly
happen?
Client B will be
Weight: 1 subjected to medical
exam
Client B will not be Client B will not be
subjected to medical subjected to medical
exam exam
Client B will not be
allowed to purchase
another policy
Client B will purchase
from another company
instead.
Question Type: Correct Actual Answer Answer Given
Multiple Choice Generally speaking
as the age of a
person _________
their risk of
mortality and
morbidity
______________.
Weight: 1 Increases, increases Increases, increases
Increases, decreases
Increases, remains
constant
Increases, cannot be
determined completely
Question Type: Correct Actual Answer Answer Given
Multiple Choice Which of the
following could be
considered as a
source of
information for
underwriting?
I. Application form
II. Medical Report
III. Financial
statements
Weight: 1 Statement I only
Statement II only
Prepared by Litmos at 5/5/2022 2:44:34 PM 3 of 7
Statement I and II
Statement I, II, and III Statement I, II, and III
Question Type: Correct Actual Answer Answer Given
Multiple Choice Standard Risk =
Within Expected or
Normal Risk;
Substandard Risk =
_________
Higher than usual Higher than usual
Weight: 1
mortality mortality
Lower than usual
mortality
Follows the usual
mortality
Declined application
Question Type: Incorrect Actual Answer Answer Given
Multiple Choice Which of the
following people are
required to submit
FATCA forms?
I. Individuals with
US indicia
II. All foreigners
III. All OFWs
Weight: 1 Statement I only
Statement II only
Statement I and II
Statement I, II, and III Statement I, II, and III
Question Type: Incorrect Actual Answer Answer Given
Multiple Choice Individuals with
which condition can
avail of a non-
medical
application?
I. Hypertension
II. Asthma
III. Diabetes Mellitus
Weight: 1 Statement I only Statement I only
Statement II only
Statement I and
statement III
Neither statements I, II,
or III
Question Type: Incorrect Actual Answer Answer Given
Multiple Choice All smokers are
automatically
uninsurable?
Weight: 1 TRUE
FALSE
Prepared by Litmos at 5/5/2022 2:44:35 PM 4 of 7
Question Type: Correct Actual Answer Answer Given
Multiple Choice People with terminal
illness may still be
insured.
Weight: 1 TRUE
FALSE FALSE
Question Type: Correct Actual Answer Answer Given
Multiple Choice Clients may choose
not to disclose
existing critical
illnesses.
Weight: 1 TRUE
FALSE FALSE
Question Type: Correct Actual Answer Answer Given
Multiple Choice As long as the
sickness is no
longer present, the
client does not need
to disclose that
he/she ever had it.
Weight: 1 TRUE
FALSE FALSE
Question Type: Correct Actual Answer Answer Given
Multiple Choice All occupations are
insurable as long as
they pay a larger
premium.
Weight: 1 TRUE
FALSE FALSE
Question Type: Incorrect Actual Answer Answer Given
Multiple Choice Who is not included
in the underwriting
process?
I. Agent
II. Accredited
doctors
III. Home office
underwriters
Weight: 1 Statement I Statement I
Statement II and III
Statement III
Neither statement I, II or
III
Question Type: Correct Actual Answer Answer Given
Multiple Choice Clients paying a
premium over 12M
annually are
exempted from
underwriting.
Weight: 1 TRUE
FALSE FALSE
Prepared by Litmos at 5/5/2022 2:44:35 PM 5 of 7
Question Type: Incorrect Actual Answer Answer Given
Multiple Choice Referred to as
leisure time
activities such as
car racing, sky
diving, or scuba
diving which
involve health
hazards that may
result to death.
Weight: 1 Hobby Hobby
Avocation
Occupation
Habits
Question Type: Incorrect Actual Answer Answer Given
Multiple Choice The Beneficial
Owner
automatically
receives a portion
of the death benefit
if the insured dies.
Weight: 1 TRUE TRUE
FALSE
Question Type: Correct Actual Answer Answer Given
Multiple Choice A person who is
pregnant can avail
of non-medical
insurance.
Weight: 1 TRUE
FALSE FALSE
Question Type: Incorrect Actual Answer Answer Given
Multiple Choice An organization
established to
provide information
that alerts
insurance
companies to the
possibility that a
proposed insured
has an unrevealed
impairment that has
been admitted or
detected by other
insurance
companies.
Weight: 1 WHO
MID
PNA
DOH DOH
Prepared by Litmos at 5/5/2022 2:44:35 PM 6 of 7
Question Type: Correct Actual Answer Answer Given
Multiple Choice This provides
information on
applicant's assets,
liabilities and net
worth. It also helps
establish the
applicant's need for
insurance coverage.
Weight: 1 Financial statement Financial statement
Inheritance tax
Show money
Credit rating
Question Type: Incorrect Actual Answer Answer Given
Multiple Choice Illegitimate children
can be designated
as beneficiary.
Weight: 1 TRUE
FALSE FALSE
Question Type: Incorrect Actual Answer Answer Given
Multiple Choice Flat extras are
discounts for
clients who are
considered low risk.
Weight: 1 TRUE TRUE
FALSE
Question Type: Correct Actual Answer Answer Given
Multiple Choice In Pru Life UK, same
sex domestic
partner is
acceptable as a life
insurance
beneficiary.
Weight: 1 TRUE TRUE
FALSE
Question Type: Correct Actual Answer Answer Given
Multiple Choice This is another term
for underwriting.
Weight: 1 Anti-selection
Risk noting
Risk selection Risk selection
Risk association
Prepared by Litmos at 5/5/2022 2:44:35 PM 7 of 7
