An underwriter is reviewing the medical questions in the application and needs further information due to a medical situation the applicant had in the past. What will the underwriter require?

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An underwriter is reviewing the medical questions in the application and needs further information due to a medical situation the applicant had in the past. What will the underwriter require?

a. statement of continued good health
b. attending physician statement
c. a complete medical record
d. sworn health affidavit from the applicant

Answer: b

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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In an insurance contract, the applicant's "consideration" is the
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The voluntary relinquishment of a legal right is called
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Insurable interest does NOT occur in which of the following relationships?
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The authority granted to a licensed producer is provided via the
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When the principal gives the agent authority in writing, it's referred to as
What is the benefit of choosing extended term as a nonforfeiture option?
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