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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The pro rata liability clause is designed to protect the principle of
The two major actions required for a policyholder to comply with the Reinstatement Clause are
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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
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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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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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The paid-up addition option uses the dividend
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What is the purpose of establishing the target premium for a universal life policy?
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