Question

An applicant claims they have no hazardous hobbies, but the agent sees a plaque proclaiming the applicant as president of a local skydiving club. The agent would need to include this information on the _____ report?

1) Background
2) Risk
3) Investigation
4) Claim

Answer 1

The agent should include the information on the Risk report as it pertains to the applicant's hobbies that may affect the insurance risk level.

Step-by-step explanation:

If an insurance agent discovers that an applicant for insurance is the president of a local skydiving club, despite the applicant claiming they have no hazardous hobbies, the agent would need to include this information on the Risk report. The agent should include the information on the Risk report as it pertains to the applicant's hobbies that may affect the insurance risk level.

The Risk report is a document where detailed information about the applicant's hobbies and activities that may affect the level of risk is recorded. The agent should include the information on the Risk report as it pertains to the applicant's hobbies that may affect the insurance risk level. This information is crucial as it can significantly alter the premium calculation and terms of the insurance policy.