Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 22 1 pound Lou's does not have any fe insurance coverage personally or through work. He has juse got a new job which requires
Question 22 1 pound Lou's does not have any fe insurance coverage personally or through work. He has juse got a new job which requires him to drive between cities all the time. He recently made up his mind and applied for a universal life insurance through his insurance agent. Louis is young and healthy. During the application process, he completed the application truthfully, opted for temporary insurance agreement (TIA) and paid premium equal to one-month of premium. The policy has been approved three weeks later and the first premium paid for TIA has been taken. Just a few days after the policy approval, Louis got a minor fever and went to the hospital for check up. Although he has been discharged from the hospital , his doctor told him pending investigation was required. Based on the above circumstances, what should the agent do regarding the policy delivery? He should deliver the policy to Louis first and notify the insurance company about his fever condition He should first seek insurance company's approval regarding the fever condition before delivering the policy O.cl He should deliver the policy to Louis because the fever occurred after the policy has been approved. Opal Holes live them to thank the corpete dlo be rescinded and apply again after the investigatios has been completed
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started