Question

If an existing Accident and Health policy is being

replaced with a new policy, the decision to replace
should NOT be based on:
a) waiting periods
b) commissions to be paid
c) exclusions and limitations
d) underwriting requirements

Answer 1

The decision to replace an existing Accident and Health policy should not be based on commissions to be paid. Instead, the focus should be on the terms and benefits of the new policy, ensuring that it meets the individual's needs and provides adequate coverage.

Step-by-step explanation:

The decision to replace an existing Accident and Health policy with a new policy should NOT be based on commissions to be paid. While waiting periods, exclusions and limitations, and underwriting requirements are important factors to consider when replacing policies, the amount of commissions to be paid should not be the sole determinant. Instead, the focus should be on the terms and benefits of the new policy, ensuring that it meets the individual's needs and provides adequate coverage.