Question

What is an agent's responsibility in relation to the information provided in the proposal form?

a.

To encourage prospects to withhold material information

b.

To provide false information on behalf of the prospect

c.

To explain the nature of information required in the proposal form and the importance of disclosing material information

d.

To avoid discussing the proposal form with prospects

Posted under IC38 Life Insurance Agent Exam

Answer: (c).To explain the nature of information required in the proposal form and the importance of disclosing material information Explanation:An agent is responsible for explaining the nature of information required in the proposal form by the insurer and the importance of disclosing material information.

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Q. What is an agent's responsibility in relation to the information provided in the proposal form?
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