An insurance producer takes an application for a life insurance policy but does not collect the initial premium. On delivery of the policy to the proposed insured, the producer must collect the initial premium and which of the following?

A.A copy of the MIB report

B.The insured's signed statement of continued good health

C.A copy of the conditional receipt

D.A copy of the temporary insurance agreement that covered the period between the application date and the delivery date.

Answer: B

Life Insurance

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A domestic insurer issuing variable contracts must establish one or more
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The two major actions required for a policyholder to comply with the Reinstatement Clause are
Life insurance policies will normally pay for losses arising from
Which of the following statements regarding the taxation of Modified Endowment Contracts is FALSE
Ambiguities in an insurance policy are always resolved in favor of the
In an insurance contract, the applicant's "consideration" is the
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How many pair of glasses in a 12-month period will a vision expense insurance plan cover?
The voluntary relinquishment of a legal right is called
What documentation grants express authority to an agent?
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Which of these would be the best example of a limited pay life insurance policy?
All of the following entities regulate variable life policies EXCEPT
The pro rata liability clause is designed to protect the principle of
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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The paid-up addition option uses the dividend
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Who is responsible for assembling the policy forms for insureds?
Life income joint and survivor settlement option guarantees
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