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UND 386 — Underwriting Life and Health Insurance

Course Type: Course Portal, Designation
Topics: Operations & Administration, Underwriting
Designations: PFLP, Underwriting Essentials
Language: English, Portuguese, Spanish



Overview

UND 386 introduces risk assessment principles applied to underwriting individual and group life and health insurance, including specialized policies and supplemental coverages.

Topics

  • Principles of Underwriting
  • The Underwriting Position
  • Legal Aspects of Underwriting Individual Policies
  • Underwriting Activities and Technology
  • Underwriting Individual Life Insurance: Medical Risk Factors
  • Underwriting Individual Life Insurance: Financial Risk Factors
  • Underwriting Individual Life Insurance: Personal Risk Factors
  • Underwriting Business Insurance, Specialized Policies, Replacements, and Supplemental Benefits
  • Underwriting Individual Health Insurance
  • Legal Aspects of Group Insurance Underwriting
  • Group Insurance Underwriting Activities
  • Risk Assessment for Group Insurance
  • Describe the goal of underwriting and explain how underwriters achieve sound underwriting practices.
  • Define and describe the major risk classifications, typical risk classes, risk assessment protocol, and underwriting philosophy for both individual insurance products and group insurance products.
  • Explore how various laws and regulations impact insurance companies’ underwriting practices for both individual and group insurance policies.
  • Describe how underwriters use information obtained from an insurance application, a producer, an inspection report, or a personal questionnaire in underwriting individual life insurance, and how factors such as age, sex, family health history, citizenship status, motor vehicle records, hobbies, annual income, lifestyle choices, and criminal history influence the policy underwriting decision.
  • Explain how data mining, predictive modeling, business rules engines, document management systems, and workflow automation apply to the underwriting of insurance.
  • Identify the needs satisfied by business insurance and factors important to the valuation of a business, particularly when buy-sell agreements, key-person insurance, split-dollar plans, deferred compensation plans, and creditor insurance are included features.

Course Format

Course Portals include the following elements:

  • PDFs of the assigned course materials that can be printed or read online
  • The same interactive Practice Questions and Sample Exams currently found in LOMA Test Preparation Guides (TPGs)
  • Recommended study plans to help learners set goals and manage their study schedule
  • A variety of additional media-oriented features designed to enhance the study and review process

Exam Format

The UND 386 exam has 50 questions and a time limit of 2 hours. The exam is available in I*STAR, Prometric and Paper formats.

Study Materials

Life and Health Insurance Underwriting, Third Edition (LOMA, 2013)
ISBN 978-1-57974-417-5

Test Preparation Guide for UND 386 (LOMA, 2013)
ISBN 978-1-57974-416-8

Optional printed textbook (not included in bundled fee).

Life and Health Insurance Underwriting, Third Edition (LOMA, 2013)
ISBN 978-1-57974-415-1
PBD Order # 386-10-13

Ordering printed study materials

Most Course Portals include online access to the course’s study materials and do not require purchase of additional printed study materials. However, you can order printed study materials for some designation courses (for an additional cost) via LOMA’s learning system, or by using the textbook order form and information below:

For the United States and Canada, you can order study materials for designation courses through PBD by using the form and information below:

2017

PBD Worldwide
P.O. Box 930108
Atlanta, Georgia 31193-0108
Tel: 1-800-887-3723 or 770-280-4178
Fax: 770-280-4150
Email: LNH@pbd.com
Website: www.lomabookstore.com

Additional textbook order forms

Forms include applicable mailing and contact information

2017

How to Enroll

Enrolling in Courses with Proctored Exams

LOMA requires proctored examinations for many of its professional designation courses. Study materials for these courses are delivered via online Course Portal, and enrollment in the Course Portal also includes enrollment in one of our proctored exam options for the course. Proctored exams are administered in LOMA member organizations and in independent testing locations around the globe. LOMA exams vary in length from two–three hours. Consult the Designation Study Materials Roadmap for specific information about the length of your exam.

Proctored examinations can take one of three forms:

Enrollment Step-by-Step

  1. Log in to your LOMA Learning account using your login ID and password.
  2. Browse the Learning Catalog for the course for which you would like to enroll.
  3. Select ADD TO CART next to the items for which you would like to enroll.
  4. Choose Exam Type — you must choose between Prometric, I*STAR, or Paper Exam enrollment.
    • Select Exam Site — your company’s primary exam site (if applicable) will appear on the screen. To see other available exam sites, click “Search.”
    • Note for Independent Students: Click “Include 3rd party exam sites” to find open exam sites offered by other companies. More information on Independent Student enrollment.
    When you have selected an exam site, click “Save.”
  5. Return to the catalog to continue searching for courses and add additional items to your shopping cart, or click the shopping cart to check out.
    • If you have not already done so, you will be prompted to log in to the LOMA learning system at this time. Once you have successfully logged in, click the shopping cart again to begin the checkout process.
     
  6. Review your shopping cart. Click CHECK OUT to proceed.
  7. If you are purchasing a physical product (example: a textbook), complete the SHIPPING information screen.
  8. Enter payment information
    • If your company has set up direct billing with LOMA, an account code will appear next to the “Bill My Company” field.
    • If you are using direct-to-company billing method, ensure that the radio button next to the “Bill My Company” field is selected and then click “Next” to continue.
    • If you are paying for your enrollment by credit card, enter all of the required fields for a credit card transaction. Once you have provided all of the required information, click “Next” to continue.
  9. Review your order, accept LOMA’s Terms and Conditions, and click BUY NOW. An enrollment confirmation will be emailed to you.