Disposiciones de Pólizas de VidaPregunta 575 de 716
The consideration furnished by the applicant in a life insurance contract consists of the:
a.The face amount of the death benefit named in the policy itself
b.Application (the statements made) plus the initial premium
c.The insurer's promise to pay the death benefit when it is due
d.The producer's state insurance license and carrier appointment
Explicación
The applicant's consideration is the premium and the representations made in the application; the insurer's consideration is its promise to pay. A license and the death benefit are not the applicant's consideration.
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- Electing to use policy dividends to buy paid-up additions will:
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- An applicant pays the initial premium with the application and receives a conditional receipt. Coverage becomes effective:
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- The insuring clause of a life insurance policy:
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Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)