The insuring agreement in a life insurance policy states the:

a. Insurance company is obligated to pay the policy proceeds upon presentation of valid proof of the death of the insured which occurred while the policy is in force

b. Insurance company will not pay death claims in the event of suicide or other exclusion named in the policy unless all premiums are paid in advance

c. Insurance company may refuse to pay a death claim in the event a mistake is found in the original application for insurance at the time of the insured's death

d. Policyowner will indemnify the insurance company the policy proceeds if the beneficiary is not named in the application

Answer: A

Life Insurance

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