Producer Jackson is sitting with his client finalizing a commercial property insurance application. They realize they accidentally checked 'Yes' instead of 'No' on a question regarding prior bankruptcies. Which of the following is the legally correct method to fix this error on the paper application?
- Draw a single line through the incorrect answer, mark the correct box, and have the client place their initials next to the change.Cevap
- BDraw a single line through the incorrect answer, mark the correct box, and place his own initials next to the change as the producer of record.
- CCross out the entire question so it appears unanswered, assuming the underwriter will process the application without needing that specific detail.
- DUse his implied agent authority to rewrite the client's answers on a fresh application and sign it on their behalf to save time.
Cevap
The producer should draw a single line through the incorrect answer, mark the correct box, and have the client place their initials next to the change.
The standard and legally accepted procedure for correcting an error on a paper insurance application is to draw a single line through the mistake, enter the correct information, and have the applicant place their initials next to the change. This provides proof that the applicant is aware of and agrees to the correction.
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Anahtar Kavram
Correcting Application Errors