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:
[next_post_link]