Which term refers to the ability of the applicant to meet the insurance provider's requirements?

The correct term that refers to the ability of the applicant to meet the insurance provider's requirements is "insurability." This concept encompasses the assessment of risk associated with an applicant based on various factors such as health, occupation, lifestyle, and claims history. Insurability determines whether a provider is willing to issue a policy to the applicant and under what conditions.

In the insurance industry, underwriters evaluate insurability to identify the level of risk an applicant presents. If the applicant is deemed insurable, it means they meet the standards and criteria set by the insurer, making it possible for them to obtain coverage.

In contrast, defamation pertains to false statements that harm an individual's reputation and has no connection to insurance eligibility. Premium refers to the amount that the insured pays for coverage, and rate is the cost per unit of insurance. Both premium and rate relate to the pricing of insurance policies rather than the applicant's eligibility.