Multiple choice technology mainframe

Identify which is not scorecard element

  1. Number of Cancel Notices

  2. Last Pay Plan

  3. Tier Cutoffs

  4. Insured Age
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C Correct answer
Explanation

A scorecard in insurance underwriting typically includes elements like tier cutoffs, insured age, and payment plans. Cancel notices are not a standard scorecard element - they are administrative notifications sent when a policy is at risk of cancellation due to non-payment. The other options (tier cutoffs, insured age, last pay plan) are all commonly found in insurance scorecards.

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