Which of these actions should a producer take when submitting an insurance application to an insurer? Issue a binding receipt to applicant if no initial premium is submitted Disclose to the applicant the amount of commissions to be earned on this transaction Inform insurer of relevant information not included on the application Arrange for a copy of the Attending Physician Statement (APS) to be sent to the producer
Which of these actions should a producer take when submitting an insurance application to an insurer?
Issue a binding receipt to applicant if no initial premium is submitted
Disclose to the applicant the amount of commissions to be earned on this transaction
Inform insurer of relevant information not included on the application
Arrange for a copy of the Attending Physician Statement (APS) to be sent to the producer
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