An agent who sells an individual life insurance policy in MUST deliver to the policy owner

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An agent who sells an individual life insurance policy in MUST deliver to the policy owner

a) An Underwriting Report Disclosure
b) A Prospectus and Ledger Statement
c) A Policy Summary and Buyer's Guide
d) An Annual Financial Statement of the insurer

Answer: c) A Policy Summary and Buyer's Guide

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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The insured under a $100,000 life insurance policy with a triple indemnity rider for accidental death was killed in a car accident. It was determined that the accident was his fault. The triple indemnity rider in the policy specifies that the death must not be contributed to by the insured in any manner. In this case, what will the policy beneficiary receive?

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