Question
a.
Changing the insurer's name on the policy
b.
Altering the beneficiary's name on the policy
c.
Modifying the policy's terms and conditions
d.
Changing the policy's start date to an earlier one
Posted under IC38 Life Insurance Agent Exam
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. What does backdating mean in the context of insurance policies?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. What can the specific gravity of urine indicate in medical underwriting?
View solution
Q. What does it mean when a person's chest is expanded by at least four centimeters in the context of build?
View solution
Q. What is one purpose of backdating an insurance policy?
View solution
Q. How can backdating be beneficial in terms of the premium?
View solution
Q. Why might someone backdate their insurance policy to coincide with their birthday or anniversary?How does backdating affect the tenure of an insurance policy?
View solution
Q. Why might someone backdate their insurance policy to coincide with their birthday or anniversary?
View solution
Q. What scenario might make someone consider backdating their insurance policy to the period of maximum earnings?
View solution
Q. What is the purpose of risk classification in underwriting?
View solution
Q. What is the term used for life insurance proposals that are selected without a medical examination?
View solution
Q. What is one of the factors considered in medical underwriting?
View solution
Q. Why is heredity history of importance in medical underwriting?
View solution
Recommended Subjects
Are you eager to expand your knowledge beyond IC38 Life Insurance Agent Exam? We've handpicked a range of related categories that you might find intriguing.
Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!
