Question

28 dominic applied for a life insurance policy with the help of his agent aftab. dominic was in a hurry while filling out the application form which caused aftab to submit the application for underwriting with some details missing. which of the following outcomes can be expected with regard to dominics application?
a. the underwriter will return the application and require aftab to obtain the missing information from dominic which could delay the process.
b. the underwriter will send a notice to dominic requiring him to send the missing information within 10 days in order for his application to be processed.
c. the underwriter will dismiss dominics application and he will have to submit a new application with complete information.
d. the underwriter will continue processing the application but dominic will be required to provide those missing details at the time of policy issue.

Explanation:

In life insurance underwriting, when an application has missing details, the underwriter typically requests the agent (Aftab) to get the missing info from the applicant (Dominic) within a reasonable time (like 10 days) to proceed. Option a describes this: the underwriter returns the app to Aftab to get info from Dominic, delaying the process. Option b: underwriter wouldn't require a new app, just missing info. Option c: underwriter doesn't dismiss the app for missing details, they seek the info. Option d: underwriter needs the missing details to process, so can't continue without them. So a is correct.

Answer:

a. The underwriter will return the application and require Aftab to obtain the missing information from Dominic which could delay the process.