Question

    What is a typical generic question in an insurance

    proposal form? 
    A Claim amount Correct Answer Incorrect Answer
    B Insurer's interest Correct Answer Incorrect Answer
    C Business type Correct Answer Incorrect Answer
    D Premium calculations Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Generic questions in an insurance proposal form are those that apply to a wide range of insurance products. "Business type" is a generic question that helps underwriters understand the nature of the risk being insured.

    Practice Next