Life Insurance Basics
What is the producer's core obligation in a sales presentation?
Answer and explanation
Answer: B. A presentation must be accurate and must not mislead, which is what New York's misrepresentation provisions enforce. Non-guaranteed elements may be discussed provided they are identified as such, and pressing for signature before discussion is the opposite of the duty.Source: PSI — New York DFS Insurance Candidate Information Bulletin — Outline, solicitation and sales presentations
More life insurance basics questions
- What use of a senior-specific certification does New York's Regulation 199 prohibit?
- When is a statement of good health obtained on delivery of a life insurance policy?
- When may an insurer disclose an applicant's personal information without a specific authorization?
- Where are the assets supporting a variable life policy held, and who bears the investment risk?
- Which characteristic of the granting organisation makes a senior designation a prohibited one under Regulation 199?
- Which deductions are made from gross earnings when computing a human life value?
621 New York questions like this one.
Every answer explained, the ones you miss come back on a spaced schedule, and a plan built from your exam date.