Question

27 alfred wishes to purchase an a&s insurance policy and visits his insurance agent to complete and submit an application. while filling out the application form, alfred mentions that he owns a private plane and flies it once a month. which of the following is the agent likely to do after getting this information from alfred? a2rvdtlwdytyefledwdycna0ngpudz09 a. ask alfred to fill out a special questionnaire b. inform alfred that his application is likely to be rated c. ask alfred to submit an inspection report d. add a comment in the application suggesting a rated policy a2rvdtlwdytyefledwdycna0ngpudz09

Explanation:

In insurance, when a client has a private plane (a higher - risk asset), the agent's typical action is to add a comment in the application suggesting a rated policy. A special questionnaire (option a) is not the most direct action here. Informing the client (option b) is less about the agent's immediate action on the application. And an inspection report (option c) is not the standard first step for this situation. The agent would document the risk factor (private plane) in the application by adding a comment for a rated policy.

Answer:

d. Add a comment in the application suggesting a rated policy