Which of the Following Would Be a Valid Reason for an Insurer

question 8

Multiple Choice

Which of the following would be a valid reason for an insurer to contest a policy after the contestable period has ended?

• A)The policyholder made a material misrepresentation in the application process.
• B)The insurer's loss ratio is running higher than the insurer anticipated.
• C)The applicant had someone else take the medical examination required for policy approval for her.
• D)The policyholder concealed a material fact at the time of application.

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Definitions:

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A measure of the amount of time an individual spends in direct, instructional interaction, often used in educational settings.

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The process of renewing a certification or qualification to verify that an individual or organization continues to meet the standards required by a regulatory body or professional association.

Advanced Administrative Duty

Tasks or responsibilities assigned to high-level administrative positions that involve complex management or oversight roles.

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