Which of the following is typically not a source of underwriting information for life or health insurance?
The National Association of Insurance Underwriters is NOT a source of information that may aid an underwriter in determining whether to underwrite a risk.
Which of the following does a life insurance policy summary normally includes?
A policy summary is an abbreviated overview of the key aspects of a life insurance policy. This can include the premium amounts, coverage limitations, conditions, and other details.
What is involved when a life insurance policy has been back dated?
What happens when an insurance policy is backdated? Backdating your life insurance policy gets you cheaper premiums based on your actual age rather than your nearest physical age or your insurance age. You'll pay additional premiums upfront to account for the policy's backdate.
What guarantees that the statement supplied by an insurance applicant are true?
A warranty is a promise by the insurance applicant to do certain things or to satisfy certain requirements, or, it is a statement of fact that is attested by the insurance applicant.
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- which of these is likely to occur when life or health insurance is being applied for