What is the main source of underwriting information used by an insurance company in the risk selection process?

The primary source of underwriting information in the risk selection process is the application. This document provides detailed insights about the applicant, including personal information, health history, lifestyle choices, and other relevant factors that insurers use to assess the risk associated with insuring an individual.

The application is critical because it forms the foundation on which underwriters evaluate potential policyholders. Other sources such as credit reports, medical examination results, and agent recommendations can supplement the information provided, but the application itself contains the necessary details the insurer needs to initiate the evaluation process. It ensures that all relevant factors are documented and allows the insurance company to make informed decisions about coverage and premiums.

In summary, while additional documents may be important in the overall assessment, the application remains the central and most crucial piece of underwriting information used during risk selection.