UND 386 — Underwriting Life and Health Insurance

• 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:

• All the assigned study materials needed for the course
• Interactive Practice Questions and Sample Exams
• Recommended study plans to help you set goals and manage your study schedule
• Additional media and features to help in the study and review process

Exam Format

Study materials for this course are delivered via the online Course Portal, and enrollment in the Course Portal also includes enrollment in one of the exam options for the course:

• A timed, self-proctored end-of-course exam available through the Course Portal. The time limit for the proctored exam is 100 minutes and the exam includes 50 questions.
• Proctored end-of-course I*STAR exam at a LOMA member organization. The time limit for the proctored exam is 2 hours and the exam includes 50 questions.

The course content is the same regardless of the testing option chosen.

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). Available while supplies last.

Life and Health Insurance Underwriting, Third Edition (LOMA, 2013)
ISBN 978-1-57974-415-1

Pricing

See North American course pricing.

Enrolling in Courses With Proctored Exams

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. At the bottom of the course description page, choose Exam Type — you must choose between a
• self-proctored, end-of-course exam or
• proctored, end-of-course I*STAR exam
4. Select ADD TO CART next to the items for which you would like to enroll.
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. 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.
8. Review your order, accept LOMA’s Terms and Conditions, and click BUY NOW. An enrollment confirmation will be emailed to you.