LLQP Life Insurance · Component 3.3 · 25% of the exam
Which sequence correctly describes the implementation process?
- AUnderwriting, then application, then claim, since the insurer must assess the risk before the client applies and before any claim can arise
- Application with signed illustration where required, interim insurance, underwriting, acceptance and delivery
- CDelivery of the policy, then application, since the client must see the contract before agreeing to it
- DClaim, then application, since the insurer pays the first claim before deciding whether to issue the policy
Correct answer: B) Application with signed illustration where required, interim insurance, underwriting, acceptance and delivery
The curriculum's implementation list runs application, signed illustration, interim or temporary insurance, underwriting, acceptance. Understanding the order lets the agent tell the client what happens next and when coverage begins.
Why the other options are wrong
- AUnderwriting cannot precede the application.
- CDelivery cannot precede application.
- DA claim is the end of the contract's life, not the start.
Exam tip
Implementation order: application (with illustration) → interim coverage → underwriting → acceptance and delivery.
Common mistake
Muddling the sequence when a question asks what happens next.
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
- At policy delivery, the agent should obtain:
- 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?
Practice the whole Life Insurance module
Timed sets weighted like the exam, and review of every question you miss. Free to start.