Life Insurance Basics
What is the standing of the agent's report accompanying a life insurance application?
Answer and explanation
Answer: A. The report conveys the producer's own impressions, such as how long the applicant has been known and any circumstance bearing on the risk, and it is not attached to the policy or shown to the applicant. The applicant's answers remain the representations on which the contract rests.Source: PSI — New York DFS Insurance Candidate Information Bulletin — Outline, agent's report
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