Vidyalelo
Commerce · Q645

Insurance

Graduate and Post Graduate · Commerce · question 645

Q645

What is the incorrect statement out of the following ones?

A.
Agent’s report is not always compulsory
Answer
B.
Agent’s report should contain details of proposer’s health, habits, occupation, income, and family
C.
An agent is a primary underwriter from the insurer’s point of view
D.
Prospectus is a legal document

Answer: Option A

Solution

Answer: Option A
Solution:
Agent’s report is always compulsory in insurance.