Answered

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While completing a life insurance application the applicant realizes that she should
have answered an earlier question differently. What should the agent do to make
the necessary change?
A. Cross out the incorrect information and provide an explanation to the
insurance company
B. Nothing, only a company officer can make any changes
O
C. White-out the information, make the change, and have the applicant initial
the change
D. Cross out the incorrect information, write in the correct answer, and have the
applicant initial the change

Sagot :

GinnyAnswer

Final answer:

Financial intermediaries rely on accurate application information to prevent fraud and protect policyholders.


Explanation:

Financial intermediaries use the application as a critical part of the financial contract for accuracy and to prevent fraud. If an applicant needs to make a change, the correct action would be to cross out the incorrect information, write in the correct answer, and have the applicant initial the change to ensure transparency and agreement.


Learn more about insurance application corrections here:

https://brainly.com/question/40698579


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