Policy Riders, Provisions, Options, and Exclusions
An insurer wants to rely on a company underwriting manual to deny a claim, although the manual was never attached to the policy. What does the entire contract provision mean for that argument?
Answer and explanation
Answer: C. The entire contract provision limits the agreement to the policy itself plus the application when it is attached. Outside documents that were not made part of the policy cannot be used against the owner.Source: NAIC Life Insurance Buyer's Guide — Policy provisions: the entire contract clause
More policy riders, provisions, options, and exclusions questions
- A return of premium rider is attached to a permanent life policy. What does the rider add to the amount payable at the insured's death?
- A scheduled-premium life policy's grace period expires without payment, and no nonforfeiture or automatic-loan protection continues coverage. What follows?
- A terminally ill insured accelerates part of a policy's death benefit. What should the beneficiary expect at the insured's later death?
- A Texas individual life premium is overdue, but the insured dies during the policy's usual 31-day grace period. What is the usual claim result?
- A Texas life policy has remained in force for more than two years. A claim is filed based on information from the original application. What is the ordinary effect of the incontestability period?
- A universal life owner wants to vary the timing and amount of premium payments. Which condition remains essential?
590 Texas questions like this one.
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