Chartered Life Underwriter Practice Exam 2025 - Free CLU Practice Questions and Study Guide

The selection of disclosure authorization response as an exception among the sources of underwriting information for life or health insurance is accurate. In the underwriting process, various sources are utilized to assess the risk presented by potential policyholders, and each of the other options plays a vital role.

Medical records provide comprehensive information regarding an individual's health history, which is essential for evaluating their risk level associated with life or health insurance policies. These records can reveal crucial details about past medical conditions, treatments, and any ongoing health issues.

Insurance applications serve as a foundational document where applicants provide personal information, including health details, lifestyle choices, and family medical history. This information is critical as it directly influences underwriting decisions.

MIB (Medical Information Bureau) reports are another significant source, compiling information from different insurance companies regarding an applicant's health and insurance history. This data can help underwriters identify any discrepancies or risks associated with the application.

The disclosure authorization response, however, is not a direct source of underwriting information. It primarily serves as permission for underwriters to access an individual's medical records and other private information. While it facilitates the gathering of the necessary information, it does not itself provide any underwriting data.