Illinois Health Insurance Practice Exam

What is the purpose of the Attending Physician Statement in health insurance underwriting?

1. To request a premium reduction

2. To book an appointment for the insured

3. To confirm medical information

4. To provide medical training

The correct answer is: To confirm medical information

The purpose of the Attending Physician Statement in health insurance underwriting is to confirm medical information. This statement is used to obtain detailed information about an individual's medical history, current medical conditions, treatments, and overall health status from their attending physician. The information provided in this statement is crucial for the insurance company to assess the applicant's health risks accurately and determine the appropriate premium pricing for the policy. Therefore, option C is correct as it accurately reflects the primary purpose of the Attending Physician Statement. Options A, B, and D are incorrect: A. To request a premium reduction - This statement is not used to request a premium reduction but rather to gather important medical information for underwriting purposes. B. To book an appointment for the insured - The Attending Physician Statement is not used to book appointments for the insured but to gather medical details from their attending physician. D. To provide medical training - The Attending Physician Statement is not used to provide medical training but to collect medical information for insurance underwriting.