Question

What is the impact of non-disclosures and misrepresentations of information and facts at the point of sale on the underwriting decision and policy acceptance?

a.

It has no impact

b.

It may result in denial/repudiation of claim benefits

c.

It leads to lower premiums for the customer

d.

It leads to higher profits for the insurer

Answer: (b).It may result in denial/repudiation of claim benefits Explanation:Non-disclosures and misrepresentations of information and facts at the point of sale may impact the underwriting decision and the terms of acceptance of the policy. This could result in denial/repudiation of claim benefits at the point of a death claim.

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Q. What is the impact of non-disclosures and misrepresentations of information and facts at the point of sale on the underwriting decision and policy acceptance?

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