Prep Review Exam: General Insurance - PSI

1. What would be an expense factor in an insurance program?

a. Investment interest
b. Opportunity costs
c. Premiums collected
d. Mortality costs
i. Mortality costs are considered an expense factor in an
insurance program.
2. Where would policy proceeds be paid if both the insured and primary
beneficiary were killed in the same accident?
a. insured's estate
b. children of the insured
c. contingent beneficiary
i. If the insured and the primary beneficiary are killed in the
same accident, the policy proceeds will be paid to the
contingent beneficiary of the insured.
d. primary beneficiary's estate
3. Which of the following enables a life policy to be replaced with another
life policy and results in the postponement of the tax consequence?
a. Nonforfeiture Option
b. Section 1040 exchange
c. Section 1035 exchange
i. A Section 1035 Exchange enables a life policy to be
replaced with another life policy and results in the
postponement of the tax consequence.
d. Spendthrift Option
4. A beneficiary change can occur
a. at no time
b. only on specified dates within the policy
c. normally at any time during the policy term
i. A beneficiary change can occur normally at any time
during the policy term.
d. only upon the request of the revocable beneficiary

5. A beneficiary has just received a claim payment for a life insurance

policy. Which of the following is TRUE regarding the federal income tax
liability owed?

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 a. Tax liability owed depends on the type of life insurance policy
b. No federal income tax is owed on life insurance proceeds
i. There is no federal income tax on life insurance proceeds if
you receive the proceeds under a life insurance contract as
a beneficiary.
c. Federal income tax is owed if proceeds exceed $250,000
d. A flat tax of 10% is owed on all proceeds
6. A tax-free Section 1035 Exchange of a life insurance policy to a
different policy is permitted if it occurs
a. in the same state as the original transaction
b. from agent to agent as long as the agents are licensed in the
same line
c. from insurer to insurer and no cash is received by the
policyowner
i. The Internal Revenue Code (IRC) enables a tax-free Section
1035 Exchange of a life insurance policy to a different
policy if it occurs from insurer to insurer and the
policyowner does not receive any cash.
d. within a 12 month period
7. All of these are settlement options for life insurance policies EXCEPT
a. Extended term
i. The extended term option is a nonforfeiture option, not a
settlement option.
b. Lump sum
c. Fixed period
d. Life income
8. An example of naming a beneficiary by class would be
a. To the child born of my union with Ned Jackson: Scott Jackson
b. To the children born of my union with Ned Jackson: David
Jackson, Jennifer Jackson, and Scott Jackson
c. To Ned Jackson
d. To the children born of my union with Ned Jackson
i. "To the children born of my union with Ned Jackson" is an
example of naming a beneficiary by class.

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9. Naming a contingent beneficiary as "all surviving children" is described
by which term?
a. Contingent designation
b. Class designation
i. "All surviving children" is an example of naming a
beneficiary by class designation.
c. Tertiary designation
d. Primary designation
10. Proceeds from a life insurance policy are protected from the
beneficiary's creditors by which clause?
a. creditor clause
b. spendthrift trust clause
i. The clause in a life insurance policy protecting its proceeds
from the beneficiary's creditors is referred to as the
spendthrift trust clause.
c. beneficiary trust clause
d. protection clause
11. What happens to the total amount of premium paid for an
insurance policy when the payment frequency increases?
a. Increases
i. As the premium payment frequency increases, the total
amount of premium paid for an insurance policy increases.
b. Depends on the type of coverage
c. Decreases
d. No difference in cost
12. A life insurance claim which involves a per capita distribution of
policy proceeds would be payable to the
a. estate of the deceased beneficiaries only
b. named living primary beneficiaries
i. “Per capita” is a method of life insurance distribution using
total number of individuals. This means that all living
members that are identified in the life insurance policy will
receive an equal amount of the life insurance proceeds.
Using per capita distribution means that if one of the
beneficiaries becomes deceased before the insured, then
the other beneficiaries will simply have their share
increased accordingly.
c. named contingent beneficiaries only
d. estate of the insured only

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13. A policyowner is prohibited from making any changes to the
policy without the beneficiary's written consent under which
beneficiary designation?
a. Tertiary beneficiary
b. Revocable beneficiary
c. Irrevocable beneficiary
i. An irrevocable beneficiary designation prohibits the
policyowner from making any changes to the policy
without the beneficiary's written consent.
d. Contingent beneficiary
14. How does life insurance create an immediate estate?
a. The insured's estate receives the death benefit
b. Nonforfeiture options are immediately available
c. Cash value may be borrowed upon at any time
d. After first premium is paid, the face amount may be available to
the beneficiary
i. The correct answer is, "After first premium is paid, the face
amount may be available to the beneficiary". An
immediate estate can be created because the face amount
may be available to the beneficiary after the first premium
is paid.
15. Insurance premium is determined by each of the following
factors EXCEPT
a. Expenses
b. Liquidity
i. All of these are factors which determine insurance
premiums EXCEPT "Liquidity".
c. Mortality
d. Interest
16. Level premium term life insurance policies
a. automatically renew at predetermined dates
b. automatically convert to permanent insurance at a
predetermined date
c. have premiums that are averaged over the policy period
i. The policyowner pays more in the early years for
protection to help cover the cost in later years, which
allows the premiums to remain level throughout the life of
the policy.
d. build cash value in a separate account

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17. Purchasing a life insurance policy in order to avoid the forced
sale of assets upon death is called
a. estate conservation
i. Estate conservation involves purchasing life insurance to
avoid the forced sale of assets upon death.
b. capital gains
c. capital withholding
d. estate funding
18. Sharon is the policyowner of a $50,000 life insurance policy. Her
son, Mike, is the beneficiary. If Sharon MUST obtain Mike's signature in
order to change the beneficiary, what kind of beneficiary designation is
this?
a. Revocable
b. Contingent
c. Irrevocable
i. An irrevocable beneficiary designation requires the
beneficiary's signature.
d. Tertiary
19. Tonya has replaced her whole life policy with an annuity without
incurring a tax penalty. This transaction is called a(n)
a. 1040 Exchange
b. 1035 Exchange
i. A 1035 tax free Exchange is the IRS tax code that allows
for the rollover of a non-qualified annuity (or transfer of a
life insurance policy) to a new annuity or life policy of equal
or greater value.
c. Modified Exchange
d. Endowment Exchange
20. A policyowner can receive a percentage payment of the death
benefits prior to death by using what kind of contract?
a. Funding medium agreement
b. Buy-sell plan
c. Viatical settlement agreement
i. Viatical settlement agreements typically include a
percentage payment of the death benefits to the
policyowner prior to the death of the insured.
d. Split dollar plan

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21. A policyowner can receive an immediate payment before the
insured dies by using a(n)
a. viatical settlement contract
i. A viatical settlement contract is a transaction that involves
an immediate payment to the policyowner prior to the
death of the insured.
b. adhesion agreement
c. buy-sell arrangement
d. spendthrift plan
22. What is created after policy proceeds are obtained in a lump sum
and then immediately invested?
a. Viatical Settlement
b. Emergency Fund
c. Lump Sum Fund
d. Estate
i. Policy proceeds can be obtained in a lump sum and
invested to create an estate.
23. If the beneficiary dies from the same accident as the insured
individual, the insurer will proceed as if
a. the estate was listed as beneficiary
b. the beneficiary outlived the insured
c. the insured outlived the beneficiary
i. A common disaster provision states that if the beneficiary
dies from the same accident as the insured individual, the
insurer will proceed as if the insured outlived the
beneficiary. This allows the proceeds to go to the
contingent beneficiary.
d. both the insured and beneficiary died at the same time
24. Which of these factors help determine an insured's life insurance
premium?
a. avocation (hobby)
i. Life insurance premiums are determined by several factors
pertaining to the insured, such as age, occupation, and
avocation (hobby).
b. place of residence
c. insured's salary
d. marital status

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25. Over the course of a year, which premium payment mode is
most expensive?
a. Annually
b. Semi-Annually
c. Monthly
i. The monthly payment mode is the most expensive over
the course of a year.
d. Quarterly
26. The premium payment mode that results in the highest overall
cost would be
a. annual
b. monthly
i. A monthly premium mode will result in the highest overall
cost.
c. semi-annual
d. quarterly
27. Which of these ensures that proceeds of a life insurance policy
will be free from attachment or seizure by the beneficiary's creditors?
a. Settlement Clause
b. Spendthrift Clause
i. A Spendthrift Clause is a statement in a settlement
agreement that indicates that the proceeds of the policy
will be free from attachment or seizure by the beneficiary's
creditors.
c. Protection Clause
d. Viatical Clause
28. Which of these is affected by the frequency of an insurance
policy's premium payments?
a. Death benefit
b. Settlement options
c. Cash value
d. Cost
i. The frequency of insurance premium payments affects the
policy's cost.
29. Which of these is considered a major tax advantage of life
insurance?
a. Income tax is typically not owed on proceeds paid directly to a
beneficiary

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 i. One of the major tax advantages of life insurance is that
the beneficiary generally does not pay income tax on the
proceeds.
b. Tax credits are available for life insurance premiums paid
c. Premiums are tax deductible by an employee if paid for by an
employer
d. Annual earnings are tax free
30. Which of these premium payment frequencies is not typically
available to a policyowner?
a. Semi-annual
b. Bi-weekly
c. Quarterly
d. Monthly
31. Which settlement option involves having the proceeds remain
with the insurer and earnings paid on a monthly basis to the
beneficiary?
a. dividends only
b. fixed period
c. extended interest
d. interest only
i. The settlement option that allows proceeds to remain with
the insurer and earnings to be paid to the beneficiary on a
monthly basis is called interest only.
32. Which type of beneficiary should be named if the insured wants
to give explicit directions on how the policy proceeds should be paid?
a. Individual
i. An individual beneficiary designation would be most
appropriate in this situation.
b. Estate
c. Group
d. Class
33. Elizabeth is the beneficiary of a life insurance policy. She is
receiving the death benefit in payments of $10,000 per month until the
principal and interest has been paid out. Which option was chosen?
a. Life income
b. Fixed amount
i. The fixed amount installment option pays a fixed death
benefit in specified installment amounts until the principal
and interest are exhausted.
c. Fixed period

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 d. Interest only

34. How is the cost of a policy affected when a policyowner pays

premiums more frequently?
a. Depends on the type of coverage
b. Not affected
c. Decreases
d. Increases
i. The cost of a policy increases when an insured pays
premiums more frequently.
35. Mortality is calculated by using a large risk pool of
a. insurance companies and agents
b. hobbies and time
c. people and time
i. Mortality is based on a large risk pool of people and time.
d. family history and geographical area
36. Pat is insured with a life insurance policy and Karen is his primary
beneficiary. They are both involved in an automobile accident where
Pat dies instantly and Karen dies 5 days later. Which policy provision
will protect the rights of the contingent beneficiary to receive the
policy benefits?
a. Nonforfeiture clause
b. Common disaster clause
i. With a common disaster provision, a policyowner can be
sure that if both the insured and the primary beneficiary
die within a short period of time, the death benefits will be
paid to the contingent beneficiary.
c. Spendthrift clause
d. Accident indemnity clause
37. What does a life insurance policy guarantee to the stated
beneficiary upon the death of the insured?
a. Policy Dividend
b. Funeral expense fund
c. Specified amount of money
i. Life insurance guarantees to the beneficiary a specified
sum of money in the event of the insured's death.

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 d. Policy's cash value

38. What is the primary feature of a viatical settlement?

a. Lower premiums
b. Reduced death benefit prepayment
i. The primary feature of a viatical settlement is the
prepayment of a reduced death benefit.
c. Longer contestable period
d. No interest on policy loans
39. Craig purchased a life insurance policy for enabling his heirs to
pay estate taxes. What is this called?
a. Survivor fund
b. Human value protection
c. Estate conservation
i. When individuals purchase life insurance to enable their
heirs to pay estate taxes, this is called estate conservation.
d. Liquidity maintenance
40. When calculating the amount of life insurance needed for an
income earner, what has to be determined when using the Needs
Approach?
a. The income earner's future projected income
b. The insurance company's financial rating
c. The family's financial objectives if the income earner were to die
or become disabled
i. When using the needs approach to determine the amount
of life insurance needed for the income earner, it is
necessary to determine the family's financial objectives in
the event of the death or disability of the income earner.
d. The income earner's credit score
41. Which of these factors is NOT taken into account when
determining an applicant's life insurance needs?
a. pension
b. savings
c. Social Security
d. Automobile

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 i. In the process of determining an applicant's life insurance
needs, an insurance producer takes into account all of
these factors EXCEPT an applicant's automobile.

42. Which of these is a method of determining the level of funds

required for ongoing support in the event of the breadwinner's death?
a. Replacement value
b. Financial loss value
c. Assessment value
d. Human life value
i. The human life value calculator helps you assess the
financial loss your family would incur if you were to die
today.
43. All of the following are considered appropriate uses of life
insurance for business purposes EXCEPT
a. Attracting quality employees by offering a group life plan
b. Protecting the business by covering key employees with life
insurance
c. Funding an entity buy-sell agreement
d. Protecting the business by covering entry level employees with
life insurance
i. Covering entry level employees with life insurance to
protect the business is not an appropriate business use.
44. All of the following are examples of a Business Continuation Plan
EXCEPT
a. Cross-purchase agreement
b. Key person insurance
c. Deferred Compensation
i. Deferred Compensation is NOT an example of a Business
Continuation Plan.
d. Stock Redemption Plan
45. Which approach predicts a person's earning potential and
determines how much of that amount would be devoted to
dependents?
a. Earnings approach
b. Future value approach
c. Needs approach
d. Human life value approach

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 i. The human life value approach predicts an individual's
future earning potential and determines how much of that
amount would be devoted to dependents.

46. An insurance producer is often responsible for field underwriting

during the application process. All of these are possible field
underwriting roles EXCEPT
a. providing disclosure information to the applicant
b. providing commission information to the applicant
i. All of these are field underwriting roles an insurance
producer may perform EXCEPT "providing commission
information to the applicant".
c. collecting initial premium
d. policy delivery
47. Field underwriting performed by the producer involves
a. assigning a risk classification to the insured
b. providing commission information to the applicant
c. approving or declining an applicant
d. completing the application and collecting initial premium
i. Field underwriting performed by the producer involves
completing the application and collecting initial premium.
Other duties include, but are not limited to, providing
disclosure information to the applicant and policy delivery.
48. In which of the following relationships would there NOT be an
insurable interest?
a. Brother to sister
b. Business owner to business customer
i. An insurable interest does not exist between a business
owner and a business customer.
c. Business partner to business partner
d. Parent to child
49. Preferred risk policies with reduced premiums are issued by
insurance companies because the insured has
a. better than average mortality or morbidity experience

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 i. Insurers issue preferred risk policies with reduced
premiums with the expectation of better than normal
mortality or morbidity experience.
b. a higher face amount than average
c. a better ability to pay premiums over a long period of time
d. worse than average mortality or morbidity experience

50. Signatures for an insurance application MUST be obtained by the

producer from all of the following sources EXCEPT
a. the insured
b. the policyowner
c. the beneficiary
i. The beneficiary is not required to sign an insurance
application.
d. the producer
51. The principle of insurable interest, in regards to a life insurance
contract, is accurately described in which statement?
a. An agent establishes insurable interest
b. Insurable interest only pertains to business arrangements
c. An individual does not have insurable interest on his or her own
life
d. Insurable interest can be based on the love and affection of
individuals related by blood or law
i. Individuals related closely by blood or law have an
insurable interest based on love and affection.
52. Underwriters can acquire information from all of the following
sources EXCEPT
a. genetic testing
i. Underwriters can acquire information from all of these
sources EXCEPT genetic testing.
b. Medical Information Bureau (MIB)
c. consumer reports
d. attending physician's statements
53. What guarantees that the statements supplied by an insurance
applicant are true?
a. Representation

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 b. Assurance
c. Warranty
i. A warranty is considered a statement of fact or something
guaranteed to be true. Breach of warranties can be
considered grounds for voiding the policy.
d. Promise
54. What happens when an insurance policy is backdated?
a. The policy's probation period is earlier than the present
b. The policy's effective date is earlier than the present
i. Backdating on an insurance policy is the practice of making
the policy effective on an earlier date than the present.
c. The time frame for reinstating a lapsed policy is extended
d. The policy's elimination period is waived
55. What is involved when a life insurance policy has been
backdated?
a. Redating a policy after it has been issued
b. Setting a policy's effective date prior to a preexisting condition
c. Making the policy effective on an earlier date than the present
i. Backdating on a life insurance policy is the practice of
making the policy effective on an earlier date than the
present.
d. Reinstating a lapsed policy
56. What would happen if a life insurance applicant is given a
conditional receipt from an insurance agent and then dies the next
day?
a. Claim will be paid if underwriter has received the application
b. Claim will be paid if money was received by the insurance
company
c. Claim will be denied by insurer
d. Claim will be paid if application is approved
i. In this situation, the claim will be paid if the application is
approved.
57. Which of the following describes a person who is NOT acceptable
by an insurer at standard rates because of health history, occupation,
or hobbies?
a. Preferred risk
b. Unacceptable risk
c. Substandard risk

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 i. An individual who is not acceptable by an insurer at
standard rates because of health history, occupation, or
hobbies is called a substandard risk.
d. Standard risk
58. Which of the following signatures is not required on an individual
insurance application?
a. Insurer
i. On an individual insurance application, the insurer's
signature is not required.
b. Applicant
c. Producer
d. Insured

59. Which of the following statements is CORRECT regarding an

individual applying for life or health insurance?
a. The applicant's medical history may be analyzed and reported
i. To apply for a life or health insurance policy, an applicant's
medical history may be reviewed and reported.
b. The applicant waives all privacy rights
c. The applicant's medical history is irrelevant
d. The applicant's family medical history is always required
60. Which of the following would be a valid reason why a policy
premium would be higher than the standard premium?
a. The insured does not meet established underwriting
requirements
i. Sometimes, policy premiums are higher than the standard
premium because the insured does not meet certain
underwriting requirements.
b. The agent quoted the wrong price
c. The insurer is not a member of the MIB
d. The insured does not have the necessary financial reserves
61. An applicant's character and personal habits can be obtained for
underwriting purposes from which source?
a. Medical Information Bureau (MIB)

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 b. Investigative consumer report
i. An investigative consumer report is a detailed report that
contains information on a consumer's character, general
reputation, personal characteristics, or mode of living and
is obtained through personal interviews with neighbors,
friends, or associates of the consumer.
c. Attending physician's statement
d. Credit report
62. An individual most likely will have an insurable interest in
insuring a person's life if
a. a financial interest exists at the time of insured's death
b. an economic interest exists for the continuance of the insured's
life
i. An individual most likely will have an insurable interest in
insuring a person's life if an economic interest exists for
the continuance of the insured's life.
c. a business relationship exists
d. there is any blood relationship with the insured

63. Which of these is likely to occur when life or health insurance is

being applied for?
a. The agent is required to report all medical information to the
Medical Information Bureau (MIB)
b. The Medical Information Bureau (MIB) will determine the risk
classification
c. Medical history from the insured may be reviewed and reported
i. To apply for a life or health insurance policy, the insured
individual's medical history may be reviewed and reported.
d. Physical examinations are required
64. An insurance applicant with a below-average likelihood of loss is
typically considered to be a
a. preferred risk
i. A proposed insured whose likelihood of loss is significantly
less than the average is classified as preferred risk.
b. declined risk
c. standard risk
d. subpar risk

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65. An insurer has a right to screen applicants for HIV in which of the
following ways?
a. Inquiring about sexual orientation
b. Blood test for HIV
i. An insurer can require a blood test for HIV.
c. Automatically declining an application due to sexual orientation
d. Inquiring about risky sexual behavior
66. Which of the following does a life insurance policy summary
normally include?
a. Policyowner's MIB report
b. The policy's cash value
i. A life insurance policy summary typically includes the cash
values of the policy.
c. Stated beneficiary
d. Agent's report
67. Which of these is NOT considered to be a risk factor in life
insurance underwriting?
a. Health history
b. Number of children
i. All of these are considered risk factors in life underwriting
criteria EXCEPT number of children.
c. Hobbies
d. Occupation

68. How many months can a life insurance policy normally be

backdated from the date of application?
a. 9
b. 6
i. A life insurance policy can typically be backdated up to 6
months from the date of the written insurance application.
Ohio is an exception and allows only up to 3 months.
c. 12
d. 3
69. When does a life insurance policy typically become effective?
a. When initial premium is collected and policy is issued
i. A life insurance policy most often becomes effective when
the premium is collected and policy is issued.

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 b. When the application is completed and signed
c. When the policy is issued
d. When the completed application is signed and initial premium is
collected
70. Which of the following is a requirement for ANY change in an
insurance application?
a. Change must be notarized
b. Change must be approved by the insurer
c. Change must be initialed by the agent
d. Change must be initialed by the applicant
i. Any changes in an insurance application MUST be initialed
by the applicant.
71. Which of the following pertains to the analysis of an applicant's
personal information and determining whether insurance should be
issued or declined?
a. Actuarial determination
b. Risk classification
c. Underwriting
i. The analysis of information pertaining to an applicant that
was obtained from various sources and the determination
of whether the insurance should be issued or declined is
called underwriting.
d. Adverse calculation

72. Which of the following would be considered an underwriting duty

of an agent?
a. Accepting or declining an application
b. Requesting medical information from the Medical Information
Bureau (MIB)
c. Completing all applications and collecting initial premiums
i. An agent's underwriting duties include completing all
applications and collecting initial premiums.
d. Assigning a risk classification
73. Which of these is considered to be a document that describes the
critical segments of a life insurance policy?
a. Policy summary

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 i. A document that specifies the critical segments of an
insured's life insurance policy is known as a policy
summary.
b. Buyer's guide
c. Consumer report
d. Buyer's summary
74. Which scenario would most life insurance policies exclude
coverage for?
a. A soldier on leave at home
b. An individual who has a hobby racing cars once a month
i. Most life insurance policies exclude coverage for a loss
arising from an auto enthusiast racing automobiles as a
hobby.
c. An airline pilot who flies for a commercial carrier
d. A tourist traveling abroad on a major airline carrier
75. All of these are typically sources of underwriting information for
life or health insurance EXCEPT
a. Medical Information Bureau (MIB) reports
b. Consumer reports
c. Disclosure authorization response
i. A disclosure authorization response is not considered a
source of underwriting information.
d. Attending physician's statement (APS)
76. An applicant intentionally lying to an insurance company on an
application in order to obtain a cheaper premium is an example of
a. rebating
b. coercion
c. twisting
d. Fraud
i. A deliberate lie by an insured to the insurance company in
order to obtain a lower premium is an example of fraud.
77. An insurance company needs to obtain personal information from
a third party concerning an applicant. Which law do all insurers and
their producers need to comply with?
a. USA Patriot Act
b. Personal Information Act
c. Fair Credit Reporting Act
i. To protect the rights of consumers for whom an inspection
or credit report has been requested, Congress enacted the
Fair Credit Reporting Act in 1970.

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 d. McCarran-Ferguson Act
78. An underwriter's primary responsibility to an insurer is to protect
against
a. risk selection
b. natural selection
c. adverse selection
i. One of the main responsibilities of an underwriter is to
protect the insurer against adverse selection.
d. inverse selection
79. In regards to a life insurance contract, which of the following
statements is NOT true regarding the concept of insurable interest?
a. Insurable interest can be established sufficiently by sentimental
attachment alone
i. All of these statements on insurable interest in a life
insurance contract are true EXCEPT "Insurable interest can
be established sufficiently by sentimental attachment
alone".
b. Individuals are assumed to have insurable interest in themselves
c. Insurable interest is established by a court of law
d. Insurable interest must exist at the time of the application
80. Statements made by an insurance applicant on an application
are considered to be
a. guarantees
b. warranties
c. Representations
i. The proposed insured's statements on a life insurance
application are considered to be representations.
d. Irrevocable

81. Upon policy delivery, which of the following must a producer

have an applicant sign if no initial premium was collected with the life
insurance application?
a. A replacement form
b. A waiver of premium
c. An exclusion
d. A statement of good health

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 i. In this situation, the producer must have the applicant sign
a statement of good health when delivering the policy.
82. What is the purpose of the Medical Information Bureau (MIB)?
a. To perform physical examinations on applicants
b. To set the premium rates for insurers
c. To accept or decline insurance applicants
d. To help underwriters evaluate risk
i. The Medical Information Bureau (MIB) was formed for the
purpose of aiding underwriters in evaluating risk.
83. All of these are considered key factors in underwriting life
insurance EXCEPT
a. Health history
b. Marital status
i. Marital status is not a key factor in underwriting life
insurance.
c. Tobacco use
d. Age
84. All of these are considered sources of information that can assist
an underwriter in determining whether or not to accept a risk EXCEPT
a. Inspection reports
b. National Association of Insurance Underwriters
i. The National Association of Insurance Underwriters is NOT
a source of information that may aid an underwriter in
determining whether to underwrite a risk.
c. Agent's report
d. Medical Information Bureau (MIB)

85. An attending physician's statement would be appropriate for

which life insurance purpose?
a. At the request of the applicant to assist in the underwriting
decision
b. Attending physician's statements are mandatory during the
application process

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c. At the request of the insurer to assist in the underwriting
decision
i. An attending physician's statement is done at the request
of the insurer when it could affect the underwriting
decision, but with the consent of the applicant.
d. At the request of the producer to assist in the underwriting
decision

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