New Business & Underwriting
When a new application is received in the Underwriting Department, the Underwriter does an initial review of the application and other pertinent documents in the file.
The Underwriter reviews the following information:
- existing files,
- medical information bureau (MIB),
- the policy ownership,
- insured’s Canadian status,
- plan information,
- beneficiary details,
- financial details,
- personal history, and
- medical history
If additional information is outstanding, it is requested, and the file is put to a pending queue until the information is provided. Additional information can include:
- emails,
- supporting documentation,
- paramedical reports,
- lab reports,
- attending physician statements (APS),
- motor vehicle reports (MVR), and
- inspection reports (IR)
Once all information is received, the Underwriter will make a final assessment and, if necessary, may seek reinsurance support.
Contains Underwriting forms
| Form Number | Cover | Marketing Material Name | Available Languages | Product |
|---|---|---|---|---|
| 1702 |
|
Build Chart Underwriting Guidelines File | FR | |
| 1343 |
|
Evidence of Insurability File | FR | General Content |
| 1527 |
|
Financial Underwriting Guidelines File | FR | |
| 1024 |
|
Guide to Individual Underwriting File | FR | |
| 1530 |
|
Temporary Resident Underwriting Guidelines File | FR | General Content |
| 1345 |
|
Preferred Underwriting Classifications File
This guide provides an overview of the Preferred Underwriting Classifications that determine the rates for Preferred Term insurance at Equitable. |
FR | Term |