Question

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 __________.

a.

Warranty

b.

Endorsement

c.

Alteration

d.

Modifications are not possible

Posted under IC38 Life Insurance Agent Exam

Answer: (b).Endorsement Explanation:If certain terms and conditions of the policy need to be modified at the time of issuance, these modifications are typically done by setting out the amendments through an "Endorsement." An endorsement is a formal document attached to the policy that specifies any changes, additions, or alterations to the standard policy terms and conditions. It allows for flexibility in customizing the policy to meet the specific needs of the insured.

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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 __________.
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