Insurance Policy Illustration Requirements

• It must include the assumed date of payment receipt and benefit pay-out within a policy year (correct)
• It must be prepared without any explanatory notes
• It must not be labeled with the date it was prepared
• It must show the issue age of the insured without any tabular detail

• The assumed date of the insured's birth
• The assumed date of payment receipt and benefit pay-out within a policy year (correct)
• The age of the proposed insured as a component of the tabular detail
• The date of the policy issuance

• Without any numbering to show relationship to total number of pages
• To show the birthdate of the proposed insured
• With the assumed date of policy issuance
• To show its relationship to the total number of pages in the illustration (correct)

<p>It must show the issue age plus the number of years the policy is assumed to have been in force (B)</p> Signup and view all the answers