Texas Life Agent Practice Exam

Can a producer change an application after it has been signed by the applicant?

1. Yes, without any further approval

2. Yes, if the applicant initials the change

3. No, the application must remain unchanged

4. Yes, but with a new application required

The correct answer is: Yes, if the applicant initials the change

The correct course of action when a producer wants to change an application after it has been signed by the applicant is to have the applicant initial the change. This requirement ensures that the applicant is aware of the modifications and agrees to them, maintaining transparency and protecting the interests of both the applicant and the producer. It also helps to prevent any misunderstandings or disputes regarding the changes made to the application. Having the applicant initial the changes serves as a clear confirmation that they accept the modifications, thus making the process sound from both a legal and ethical standpoint. This practice not only builds trust between the applicant and the producer but also aligns with regulatory requirements that safeguard the integrity of the application process.