Question

What responsibility does the agent have regarding the issuance of the cover note?

a.

It is not the agent's responsibility to ensure the issuance of a cover note.

b.

The agent should prepare the cover note personally.

c.

The agent should ensure that the company issues the cover note, where applicable.

d.

The agent should charge a fee for providing the cover note.

Posted under IC38 Life Insurance Agent Exam

Answer: (c).The agent should ensure that the company issues the cover note, where applicable. Explanation:The agent should ensure that the company issues the cover note, where applicable, to the insured.

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Q. What responsibility does the agent have regarding the issuance of the cover note?
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