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Unsolicited Application

What Does Unsolicited Application Mean?

An unsolicited application (or unsolicited insurance application) is one that is submitted by a person applying for insurance coverage directly to the insurance company instead of going through an insurance agent or broker. Insurance companies screen these direct applications more thoroughly.

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Insuranceopedia Explains Unsolicited Application

Insurance companies are wary and more careful when screening an unsolicited application because the applicants who submit them might cause the company a great risk. A person applying for health insurance coverage might, for instance, already have an existing adverse health situation (a scenario referred to as "self-selection"). When the company discovers this for itself after their investigation, the applicant might be denied coverage or given an extremely high premium.

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Synonyms

Unsolicited Insurance Application

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InsuranceThe Insurance Business

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