Texas Life Agent Practice Exam

What information is contained in the Statement of Continued Good Health?

1. Physical health history

2. Proof of premium payment

3. Confirmation the applicant is still healthy

4. Details of financial standing

The correct answer is: Confirmation the applicant is still healthy

The Statement of Continued Good Health is a document that confirms that the applicant remains in good health at the time of policy delivery. This is particularly important as it assures the insurer that there have been no significant changes in the applicant's health status since their application was submitted. If an applicant's health has changed negatively, it could potentially affect their coverage or the terms of the policy they are purchasing. This document serves to protect both the insurer and the insured by ensuring that the risk being assumed is accurately represented. If the statement indicates that the applicant is still healthy, it allows the coverage to proceed without needing to reassess the risk associated with their health, which is crucial for the insurer's underwriting process. Other options such as physical health history, proof of premium payment, and details of financial standing are not typically included in the Statement of Continued Good Health, focusing instead on the individual's current health status and ensuring that the initial underwriting basis remains valid.