Standard terms

An application accepted on standard terms is priced off the ordinary table with nothing added. Most applications are.

The alternatives are altered terms — a loading, an exclusion, or both — or a decline.

Related terms

• Loading An increase to the standard premium, reflecting a risk the insurer has assessed as higher.
• Adverse decision Any outcome other than acceptance on standard terms: a decline, a postponement or a loading.
• Underwriting The insurer's assessment of the risk you present, which decides the terms and the price.

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