Disposiciones de Pólizas de VidaPregunta 573 de 716
An applicant pays the initial premium with the application and receives a conditional receipt. Coverage becomes effective:
a.As of the receipt or exam date, provided the applicant is found insurable under the insurer's standards
b.Only after the policy is delivered and a second premium is paid
c.Only after the policy's free-look examination period has completely ended and the owner has formally decided to keep the delivered contract
d.Immediately and unconditionally, regardless of the applicant's health
Explicación
A conditional receipt provides coverage retroactive to the application or exam date, but only if the applicant proves insurable as applied for; it is not a guarantee for an uninsurable applicant. Coverage does not wait for delivery or the end of the free-look.
Practica las 716 preguntas gratis — sin registro.
Own the complete California Life & Health Insurance Producer Exam guide — PDF + EPUB, $19.99 →
Preguntas relacionadas de este tema
- Electing to use policy dividends to buy paid-up additions will:
- The difference between the fixed-period and fixed-amount settlement options is that fixed-period:
- Under a life income settlement option, the size of each payment to the beneficiary depends primarily on the:
- When an application is submitted WITHOUT the initial premium, coverage generally does not take effect until:
- The consideration furnished by the applicant in a life insurance contract consists of the:
- The insuring clause of a life insurance policy:
Última revisión: · proceso editorial
Equipo de PrepPass · Verificado con California Life & Health Insurance License Exam · Cómo revisamos
Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)