Question

How are the terms of acceptance communicated to the client?

a.

Through a policy bond

b.

Through a welcome letter and a first premium receipt

c.

Through a medical report

d.

Through the underwriter's recommendations to the reinsurer

Answer: (b).Through a welcome letter and a first premium receipt Explanation:The terms of acceptance are communicated to the client through a welcome letter and a first premium receipt. This is in addition to the policy document, which will outline the specifics of the coverage that has been offered.

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Q. How are the terms of acceptance communicated to the client?

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