AD Banker Definitions + Examples

Individual Selection Criteria

• The insurer uses all of the information collected, by the field underwriter and other sources, to determine the acceptability of an individual. It is ultimately the home office underwriter’s responsibility to determine if this individual meets all the underwriting requirements set forth by the insurer.
• Example: The insurer receives a prepaid application. Upon the receipt of the MIB report, health problems are revealed. The underwriter will at this time, require additional information in the form of an Attending Physician Statement (APS) and/or possibly a medical examination. The underwriter may rate or deny the application based on this additional information. The MIB report reveals past medical concerns and cannot be used as the only medical report for rating or denying an application.