LLQP Life Insurance · Component 3.3 · 25% of the exam
At policy delivery, the agent should obtain:
- A signed delivery receipt, confirmation of no change in health, any premium due, and acceptance
- BThe beneficiary's signature on the policy, confirming that the beneficiary accepts the designation and the terms attached to it
- CA new medical exam, so the insurer can confirm that the insured's health has not changed since the application
- DNothing in particular, since the insurer's issue of the policy completes the contract and delivery is a courtesy
Correct answer: A) A signed delivery receipt, confirmation of no change in health, any premium due, and acceptance
Delivery completes contract formation. The health confirmation protects the contract's validity; the receipt fixes the delivery date (and starts the free look); premium and amendments make the policy effective as issued.
Why the other options are wrong
- BBeneficiaries do not sign at delivery.
- CUnderwriting is complete; a new exam is not required.
- DDelivery has specific requirements.
Exam tip
Delivery checklist: receipt, health confirmation, premium, amendments accepted, free-look explained.
Common mistake
Mailing a policy without confirming health status or collecting the premium.
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 Life Insurance module. Written against the published curriculum.
More from component 3
- The effective date of a life insurance policy is generally:
- A client's application is approved but he has not paid the first premium when the policy is delivered. The agent should:
- A pre-authorized debit form is part of implementation because:
- During implementation, the agent learns the client wants the policy owned by her corporation instead of personally, as first applied for. The correct step is:
- Which of the following is a legitimate reason an insurer might refuse to issue a policy even after favourable underwriting?
- A client's application shows the beneficiary as 'my wife' without a name. The best implementation practice is to:
Practice the whole Life Insurance module
Timed sets weighted like the exam, and review of every question you miss. Free to start.