What is Full Underwriting?
With Full Underwriting, a medical declaration is given by each person to be covered by the plan. This information is then put before an underwriter, who will assess the risk factors for each person. Normally, any previous serious medical conditions, and possibly non-serious conditions, will be permanently excluded from cover. In extreme cases, cover may be refused. Usually you are offered the choice of these two methods although some insurers only offer Full Underwriting. Regardless of underwriting styles it is important that all questions are answered in full as failure to disclose information could invalidate the policy.
Everyone eligible to apply for coverage under the Program who does not qualify for abbreviated underwriting is subject to full underwriting. This means that they must answer more health-related questions. It may also include a review of medical records and possibly an interview with a nurse. This is the same level of underwriting that those who purchase individual policies in the private market typically undergo. Get the Full Underwriting Application here.
