Question

What is the significance of properly filling out a proposal form for insurance?

a.

It is not important as long as the customer agrees to purchase the policy.

b.

It ensures faster claim processing and protects the customer's interests.

c.

It allows the agent to charge a higher commission.

d.

It is a task solely for the insurance company.

Posted under IC38 Life Insurance Agent Exam

Answer: (b).It ensures faster claim processing and protects the customer's interests. Explanation:Properly filling out a proposal form is significant as it ensures faster claim processing and protects the customer's interests.

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Q. What is the significance of properly filling out a proposal form for insurance?
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