Question

question 12 of 15
which is the appropriate action by the insurer if a prospective insured submitted an incomplete application?
a. ask the producer who solicited the policy to complete and resign the application
b. fill in the blanks to the best of the insurers knowledge
c. issue a policy anyway since the application has been submitted
d. return the application to the applicant for completion

Explanation:

Insurers require complete, accurate information from the prospective insured to properly assess risk and underwrite a policy. They cannot fill in unknown details on their own, issue a policy with incomplete data, or have the producer complete it without the applicant's input. The proper process is to return the application to the applicant so they can provide the missing information.

Answer:

D. Return the application to the applicant for completion