Description: This survey report from the Business Decisions [Reinsurance] Survey Subcommittee of the Society of Actuaries Committee on Life Insurance Mortality and Underwriting, was intended to gather information on reinsurers’ views and practices with respect to ceding companies making ‘Business Decisions,’ defined as decisions ‘beyond the rules’ or ‘outside the underwriter’s intelligent judgment.’

Description: This report, part of the Society of Actuaries [SOA] ‘Experience Studies – Business Practice Surveys,’ presents the results of the survey conducted by the SOA Committee on Life Insurance Mortality and Underwriting Surveys - Preferred Underwriting Survey Subcommittee. This survey asked for preferred risk underwriting practices as of July 2002. This is the third such survey completed by the Society of Actuaries. The intent of this survey was to gather information on the many variations in preferred risk underwriting.