Completing the Application, Underwriting, and Delivering the Policy
An application proposes coverage on a child, with a parent as owner. Whose signatures does the standard contemplate?
Answer and explanation
Answer: D. Section 2(N) provides for the signature of each proposed insured of the age of majority, together with signatures from a spouse, parent or guardian, or owner as applicable. A child below the age of majority is not the signer, and neither the underwriter nor the beneficiary signs the application.Source: Interstate Insurance Product Regulation Commission — Individual Life Insurance Application Standards — § 2(N), Who else may need to sign
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