Question

the main source of underwriting information for an insurance company is * 1 point
the application
the mib
the attending physicians statement
the agents statement

what term best describes, to restore the insured the same condition as prior to loss with no intent of loss or gain. * 1 point
consideration
concealment
indemnify
misrepresentations

which of the following relationship would not have insurable interest? * 1 point
mother & daughter
business partners
siblings
spouse

Explanation:

1. For the first question: The insurance application is the primary document where the insured provides all relevant personal, risk, and coverage details directly to the insurer, making it the main underwriting information source. The MIB, physician statement, and agent statement are supplementary sources.
2. For the second question: Indemnify is the core insurance principle that ensures the insured is restored to their pre-loss financial position without profit or additional loss, which matches the given definition. The other terms refer to contract violations or components, not this restoration concept.
3. For the third question: Insurable interest requires a direct financial or legal relationship where loss would cause hardship. Siblings do not automatically have this financial stake, unlike immediate family (mother/daughter, spouse) or business partners who share financial liabilities.

Answer:

1. the application
2. Indemnify
3. Siblings