Upon policy delivery, which of the following must a producer have an applicant sign if no initial premium was collected with the life insurance application?

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Upon policy delivery, which of the following must a producer have an applicant sign if no initial premium was collected with the life insurance application?

a) A waiver of premium
b) A replacement form
c) A good health statement
d) An exclusion

Answer: c) A good health statement

WA Life Insurance

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

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