Maximizing Insurability: The Importance of Disclosing Hazardous Hobbies in Agent’s Reports

An applicant claims they have no hazardous hobbies, but the agent sees a plaque proclaiming the applicant as president of a local skydiving club. The agent would need to include this information on the:A. MIB ReportB. Agent’s ReportC. Inspection ReportD. APS Report

Agent’s Report*The agent’s report is the vehicle for reporting information, obtained through personal observation, which may be material to the underwriting process.

B. Agent’s Report.

The agent would need to include this information in their report as it is relevant to the applicant’s risk level. Skydiving is considered a hazardous hobby, and failing to disclose it could impact the accuracy of the underwriting process. In the agent’s report, they would likely note the applicant’s involvement in the skydiving club and any other relevant details about their hobby that could impact their insurability. The MIB Report, Inspection Report, and APS Report are other reports that may be used in the underwriting process, but they are not typically where this type of information would be documented.

More Answers:

Optimizing Capital Structure for Financial Management Success in Social Science.
Promoting Ethical Decision-Making in Business Schools: The Importance and Benefits of Covering Ethics in Curriculum
Understanding the Income Statement: Essential Guide for Evaluating Company Performance

Error 403 The request cannot be completed because you have exceeded your quota. : quotaExceeded

Share:

Recent Posts

Mathematics in Cancer Treatment

How Mathematics is Transforming Cancer Treatment Mathematics plays an increasingly vital role in the fight against cancer mesothelioma. From optimizing drug delivery systems to personalizing

Read More »