Life & Health Insurance Exam (National Portion)Underwriting and Policy IssueHard
An underwriter is reviewing an application for a substantial life insurance policy. The applicant has a complex medical history involving several chronic conditions. Which of the following sources of information would be considered the most comprehensive and authoritative for verifying the applicant's current health status?
- AThe applicant's personal statement in the application.
- BA report from the Medical Information Bureau (MIB).
- CA consumer report from a credit agency.
- DAn Attending Physician's Statement (APS).
Show answer & explanationAnswer & explanation
Correct answer: D. An Attending Physician's Statement (APS).
An Attending Physician's Statement (APS) is a detailed report from the applicant's treating physician. It provides comprehensive medical information, including diagnoses, treatment plans, prognoses, and lab results, making it the most authoritative source for complex medical histories.
Why the other options are wrong
- A. The applicant's statement is important but not independently verifiable or comprehensive enough for complex conditions.
- B. The MIB provides codes for medical impairments, not detailed medical records or current status.
- C. A consumer report provides financial information, not medical history.
Attending Physician's Statement (APS)
A detailed report from an applicant's treating physician, providing comprehensive medical information for underwriting.
- Directly from treating doctor.
- Contains diagnoses, treatments, prognoses.
- Most authoritative medical source for complex cases.
Memory trick: To know the full health story, the underwriter needs the doctor's direct report.