Question: A signed good health statement may be requested by a life producer at the time of?

Answer: Policy delivery

Question: An applicant submits a life insurance application where an investigative consumer report is used in the underwriting process. Which of these statements is true?

Answer: Applicant has a right to receive a copy of the report.

Question: An insurance policy may be issued with a preferred insurance premium in all of these situations EXCEPT?

Answer: Living in a rural area.

Question: The reason for backdating a policy is

Answer: To obtain a premium rate based on an earlier age.

Question: An agent gives a conditional receipt to a client for an insurance policy after collecting the initial premium. When will the policy become effective?

Answer: When the conditions of the receipt are met.

Question: Where is the difference between a standard risk and a substandard risk reflected?

Answer: Premium charges

Question: After an insurance application has been originated, the producer normally

Answer: Is the major personal contact to the insured.

Question: An insured may be required to sign which document at policy delivery to ensure there has not been any adverse medical conditions since the time of the application?

Answer: Good health statement

Question: In what situation could an insurance policy’s coverage be modified?

Answer: Applicant is a substandard risk.

Question: The principal source of information concerning an applicants identity, age, and martial status is found in the?

Answer: Completed application