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What is the most common approach for rating life insurance applicants who are determined to be substandard risks?

A) Issuing a policy in the amount applied for, but crediting its values with lower interest rates. B) Issuing a policy of less than the amount applied for, with a lower than standard premium. C) Issuing a policy in the amount applied for, but reducing the amount paid out as a death benefit. D) Issuing a policy in the amount applied for, with a higher than standard premium."

A business arrangement in which one party performs a variety of functions on behalf of the other party is:

a. agency. b. subrogation. c. representation. d. None of the above