If an Insurance Applicant Sustains Losses After Submission of the Application

question 82

True/False

If an insurance applicant sustains losses after submission of the application but before acceptance by the insurer,the rule in most states is that the insurer must nevertheless cover the losses.

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Definitions:

Normal Distribution

A symmetric, bell-shaped frequency distribution curve where most occurrences take place around the central peak and probabilities for values taper off equally towards either end.

Maximum Oxygen Uptake

The maximum rate at which an individual can consume oxygen during intense or maximal exercise, indicative of aerobic capacity.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, indicating the spread from the mean.

Physical Fitness

The ability of an individual to carry out daily tasks with optimal performance, endurance, and strength, due to good health and physical conditioning.