Question

What option is available for a person with a physical deformity preventing them from signing to enter into a contract for an insurance product?

a.

They cannot enter into a contract

b.

They can sign using a thumbprint

c.

They can enter into a contract if they obtain a power of attorney granted by a court

d.

They can appoint a legal guardian to enter into the contract on their behalf

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (c).They can enter into a contract if they obtain a power of attorney granted by a court Explanation:A person with a physical deformity preventing them from signing can enter into a contract for an insurance product if they hold a power of attorney granted by a court.

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Q. What option is available for a person with a physical deformity preventing them from signing to enter into a contract for an insurance product?
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