SCI CLUS03 Practice Questions - SCI CLU® S CLUS03 DLI03 Life Insurance Law Exam

In life insurance underwriting, a fact is generally “material” if:

It would influence a prudent insurer’s decision on whether to accept the risk or on what terms and premium It relates only to the proposer’s recreational preferences with no underwriting relevance It is unimportant to any underwriter but interesting to the agent It must be a fact the insurer already knew from public records only

Correct Answer:

It would influence a prudent insurer’s decision on whether to accept the risk or on what terms and premium

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