Question
a.
A description of the policy's coverage
b.
A part of the policy that outlines optional benefits
c.
A provision forming the basis of the agreement
d.
A detailed list of insurance companies
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 is a "condition" in the context of an insurance contract?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. How does a breach of condition affect an insurance policy?
View solution
Q. What is a "warranty" in an insurance contract?
View solution
Q. How must warranties be observed and complied with according to insurance principles?
View solution
Q. Which of the following is NOT an example of a condition in an insurance policy?
View solution
Q. What is the purpose of an endorsement in an insurance policy?
View solution
Q. When are endorsements typically issued in an insurance policy?
View solution
Q. What is the role of endorsements in the insurance contract?
View solution
Q. When might an endorsement be issued to an insurance policy?
View solution
Q. If you want to add a new peril to your insurance policy, what should you request?
View solution
Q. Which of the below statement is correct with regards to a warranty?
View solution
Q. If certain terms and conditions of the policy need to be modified at the time of issuance, it is done by setting out the amendments through __________.
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!
