LLQP Accident & Sickness · Component 3.3 · 25% of the exam
The A&S application is important because:
- AUnderwriters rarely read it, relying instead on the paramedical results and the attending physician's statement
- BIt is a formality that records the client's request, with the medical evidence doing the real work of underwriting
- CIt sets the agent's commission by fixing the premium and the products that have been applied for
- It forms part of the contract, and material misrepresentation can void the policy within two years
Correct answer: D) It forms part of the contract, and material misrepresentation can void the policy within two years
The application's statements are the basis of the insurer's decision. Accuracy and completeness are the applicant's duty; the agent must record answers faithfully.
Why the other options are wrong
- AUnderwriters rely on it.
- BThe application forms part of the contract and is far from a formality.
- CCommission is unrelated.
Exam tip
Application = part of the contract; answers are representations.
Common mistake
Completing the application from memory rather than asking each question.
What this tests
CISRO competency component 3.3 — Implement a recommendation adapted to the client's needs and situation — which is weighted at 25% of the Accident & Sickness module. Written against the published curriculum.
More from component 3
- An underwriter assigns a disability applicant to occupational class 2 rather than class 4. The practical effect is that:
- A disability applicant discloses a back condition that resolved four years ago with no recurrence. The likely underwriting outcome is:
- Financial underwriting for an individual disability application exists to:
- A critical illness applicant's mother and sister both had breast cancer before fifty. The underwriter is likely to:
- An applicant for long-term care coverage is seventy-two. The insurer is most likely to require:
- Group long-term disability coverage within the non-evidence maximum is issued without individual medical questions because:
Practice the whole Accident & Sickness module
Timed sets weighted like the exam, and review of every question you miss. Free to start.