LLQP Accident & Sickness · Component 3.3 · 25% of the exam
The agent should tell the client that underwriting for DI or CI typically takes:
- AOne business day, since the application is approved automatically as soon as the paramedical is clear
- BAbout a year, since the insurer must observe the applicant's health over a full policy cycle before deciding
- Several weeks, and the client should keep existing coverage and report any health change meanwhile
- DNo time at all, since coverage begins on signing and the underwriting is completed afterwards
Correct answer: C) Several weeks, and the client should keep existing coverage and report any health change meanwhile
Managing expectations and the duty to report changes during underwriting are implementation basics.
Why the other options are wrong
- ARequirements take time.
- BA year is far longer than normal DI or CI underwriting takes.
- DUnderwriting requires time before the contract is formed.
Exam tip
Underwriting takes weeks; keep old coverage; report changes.
Common mistake
Failing to tell the client to report health changes during underwriting.
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.