OH-LIFE-AGENT-SERIES-11-44 Web TestEngine Demo

Q7 Single choice

What is an Insurer's liability when it Is discovered after an Insured dies that the Insured's age on the policy was misstated?

A
The insurer is not liable to pay any amount due to the insured's misstatement of age.
B
The insurer must pay the full amount of the policy, minus any additional premiums the Insurance company would have paid based on the Insured's actual age.
C
The insurer must pay a prorated amount of the policy based on the amount of insurance the insured's premiums would have been if purchased at the correct age.
D
The insurer must pay the full amount as stated in the policy, as age is not considered a relevant factor.

OH-LIFE-AGENT-SERIES-11-44 Web TestEngine demo