Which of the following statements is false regarding the application for life insurance?
A. When bound to the policy, applications become part of the entire contract.
B. The name of the insured person must be indicated on the application.
C. Answers to application questions are considered to be representations and not warranties.
D. Before a policy can be issued or changed, the beneficiary must initial the application to indicate their approval.
Ans: D. Before a policy can be issued or changed, the beneficiary must initial the application to indicate their approval.
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A) Challenge the process B) Create a shared vision C) Attain goals D) Serve others
What is an influence diagram?
A) a diagram showing the influence of decision makers B) a graphical representation of a model C) a map of the environment around decision makers D) a map of the environment around a model