Question

When underwriting standards require each proposed insured to sign application or enrollment forms in the agents presence it satisfies the underwriting standard to have primary insured and spouse sign applications in your presence?

Answer 1

Underwriting standards often require individuals applying for insurance to sign forms in an agent's presence to verify authenticity and understanding. This would be sufficient if both the primary insured and spouse sign in the agent's presence, maintaining the integrity of the application process.

Step-by-step explanation:

The question involves a scenario in which underwriting standards stipulate that each person applying for insurance coverage must sign application or enrollment forms in the presence of an agent. Typically, these standards are implemented to ensure the authenticity and validity of the signatures, to prevent fraud, and to make certain that all parties understand the terms of the insurance policy they are entering into. If these underwriting standards are adhered to, it is indeed satisfactory for both the primary insured and their spouse to sign the applications in the agent's presence. This practice helps to maintain the integrity of the application process and provides a level of assurance to the insurer that the signatories have been properly identified and that they have received the necessary information regarding their insurance coverage.