A PRODUCER SUBMITS A COMPLETED APPLICATION TO THE ...

California Life Accident And Health Insurance State Exam Questions And Answers

Question Number 18

A PRODUCER SUBMITS A COMPLETED APPLICATION TO THE INSURER ALONG WITH THE PREMIUM CHECK AFTER GIVING THE APPLICANT A CONDITIONAL RECEIPT. IF THE APPLICANT COMPLETES THE REQUIRED MEDICAL EXAM, BUT DIES PRIOR TO THE INSURER ISSUING A POLICY AS APPLIED FOR, WHAT IS THE INSURER'S RESPONSIBILITY?ATO PAY THE CLAIM IN FULL SINCE THE CONDITIONS OF THE RECEIPT WERE FULLY SATISFIEDBTO REFUND PREMIUMS PAID LESS COSTS ASSOCIATED WITH ANY MEDICAL EXAMSCTO KEEP THE PREMIUM AND REJECT THE CLAIMDTO REFUND ANY AND ALL PREMIUMS PAID

ATO PAY THE CLAIM IN FULL SINCE THE CONDITIONS OF THE RECEIPT WERE FULLY SATISFIED

✔ Correct Answer:

ATO PAY THE CLAIM IN FULL SINCE THE CONDITIONS OF THE RECEIPT WERE FULLY SATISFIED

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California Life Accident And Health Insurance State Exam Questions And Answers

Question Number 18

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