The cost of any required medical exams in the underwriting process is paid by the:A. InsurerB. ApplicantC. InsuredD. Producer
Insurer
B. Applicant
The cost of any required medical exams in the underwriting process is typically paid by the applicant. This is because the applicant is seeking coverage and it is their responsibility to provide information about their health to the insurer. The insurer may request medical exams to determine the applicant’s health status and the risk of insuring them. As such, it’s normal for the applicant to bear the cost of any required medical exams.
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