Question

In the event a policy is delivered by an agent to the insured, and the premium payment is to be collected at the time of this delivery, normally what else must the agent obtain to make the delivery complete

Answer 1

Answer:The answer is D

Explanation:

insurance agent are the intermediary who arrange insurance between the insurance company known as the insurer and the the policy holder known as the insured. The agent can be employed by the insurance company either on full time basis or on part time basis to act as intermediary between them and the insured. When they are employed as a full time agent they are paid salaries and they are regarded as full time staff of the insurance company, but when they are employed on part time basis they are paid commission based on the value of the business they contracted. The agent are used by the insurance company to deliver policy to the insured who took the policy.

When the agent deliver the policy to the insured, the agent will collect from the insured a statement of good health to show that the insured is in good health at the time of taken the policy.