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26 January, 14:18

On Aug. 6, D submitted an application for a $50,000 Life insurance policy and did not pay the initial premium. On Aug. 18, D went to his doctor complaining of chest pains and some tests were given by the doctor. The life policy was delivered by the producer on Aug. 20 and D explains what had recently taken place with the doctor. What action should the producer then take? a - collect initial premiumb - collect initial premium along with a signed health statementc - explain to the applicant the policy is no longer in effect due to change in health conditiond - collect initial premium and leave a binding receipt

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  1. 26 January, 14:53
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    B) collect initial premium along with a signed health statement

    Explanation:

    Since D submitted an application before he suffered from chest pains, then the producer should collect the initial premium. But the producer must also request a signed health statement which details the previous incident and what the doctor thought about it, and the tests that he requested.
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