Question 2022 of 287 · Texas Life, Accident and Health Agent Exam
An insured dies in the second month after a life policy is issued. The insurer finds a material misstatement about the insured's health in the application. The insurer
Exactly one answer is correct.
You got of questions right. Here on the question pages nobody remembers which ones you got wrong. The trainer saves your progress and asks the mistakes again until they stick.
Or free: the 10 questions most people get wrong
Show solution
Correct answer to question 2022
- D: may contest the claim because the policy is within the contestable period
Explanation
The incontestable period has not run, so the insurer may investigate and rescind the contract for a material misrepresentation. After the period, it could not.
More questions: Life: Riders, Provisions, Options and Exclusions
- 2023An absolute assignment of a life policy
- 2024A collateral assignment is commonly used
- 2026If the insured's age was misstated on the application, the life insurer will usually
- 2027Which settlement option pays a fixed sum for a fixed number of years until the proceeds and interest are exhausted?
- 2028In the interest only settlement option, the beneficiary
- 2030Life insurance policies commonly exclude losses from war when