Question 3004 of 287 · Texas Life, Accident and Health Agent Exam
A statement in an application that the applicant believes to be true to the best of knowledge is a
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 3004
- D: representation
Explanation
Representations are statements believed true and are not guaranteed. Warranties would have to be literally true, and are not used in modern life insurance applications.
More questions: Life: Application, Underwriting, Delivery and Contract Law
- 3005A material misrepresentation on an application is a statement that
- 3006An agent collects the initial premium with the application and issues a conditional receipt. Coverage under the receipt
- 3007Compared to a conditional receipt, a binding receipt
- 3008A life insurance replacement occurs when a new policy is purchased and an existing policy is
- 3009Which of these is a typical disadvantage to the policyowner of replacing a life policy?
- 3010The USA PATRIOT Act requires insurers and agents to take part in programs to