Examkin

Question

Difficulty: EasyCompleting the Application

Agent Torres is helping a client fill out a paper application for a new life insurance policy. After completing the form, they notice that the client's date of birth was written incorrectly. According to standard application procedures, which of the following are acceptable methods to correct this error? (Select all that apply.)

  1. Start over and complete a completely new application.Answer
  2. Draw a single line through the error, write the correct information, and have the applicant initial the change.Answer
  3. C
    Use correction fluid or an eraser to completely remove the incorrect date and write the new date in its place.
  4. D
    Cross out the error, write the correct date, and have the agent initial the change on behalf of the client.

Answer

The acceptable methods are to start over and complete a new application, or to draw a single line through the error, write the correct information, and have the applicant initial the change.
When an error is made on a paper application, the two legally acceptable methods to correct it are to complete a fresh application or to cross out the mistake, write the correct information, and have the applicant initial the change. This ensures the applicant is fully aware of and agrees to the accurate information being submitted.

Step-by-Step Solution

1
Identify the procedural rules for correcting mistakes on a paper insurance application.
Corrections must be transparent and explicitly authorized by the applicant.
The application becomes part of the legal contract, so its integrity must be strictly maintained.
2
Evaluate each given option against these legal and procedural rules.
A new application is acceptable. Crossing out, correcting, and having the applicant initial is acceptable. Erasing or having the agent initial are unacceptable methods.
Erasing obscures the original entry, and the agent lacks the legal authority to modify the applicant's representations without the applicant's explicit, initialed consent.

Key Concept

Correcting Errors on the Application
Rate this question

Topics

Completing the Application

More questions from this topic