Question

Out of the following list, which is NOT true about a temporary insurance agreement?

A. It provides coverage during the underwriting process.
B. It is also known as interim coverage.
C. It requires a medical examination.
D. It is a permanent insurance solution.

Answer 1

The correct answer is D. It is a permanent insurance solution.

Step-by-step explanation:

The correct answer is D. It is a permanent insurance solution. Temporary insurance agreements, also known as interim coverage, provide temporary coverage during the underwriting process of a permanent insurance policy. They are designed to bridge the gap between application and approval. Temporary insurance agreements are typically used when individuals need immediate coverage while waiting for their permanent insurance policy to be approved. However, they do not require a medical examination and are not a permanent insurance solution.