Easily Replace Dropdown into the Insuring Agreement

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How to Replace Dropdown into the Insuring Agreement

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one of my viewers had a good question on how they can create a dependent drop-down form field in their fillable form and Im going to show you how to do that in this video this one is its going to be an example of how you can ask a user a question say question number one depending on what that user selects as the answer to question number one then when they go to question number two the options that theyll have to select from will be dependent on whatever they answered for the question number one again its called a dependent drop-down Im going to show you how to do it alright if we go to our form here the example were going to use is we are going to fill out the question number one is employee status were going to make it a drop-down form that the user can select either active or inactive and then the next question depending on whether that user selects active or inactive theyre going to have different options to select for question number two okay the first thing were going to

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When replacing a life insurance policy an agent must provide the applicant with a notice?

Agents proposing a replacement policy, must provide the prospect with a Notice to Applicant Regarding Replacement of Life Insurance. This notice gives the policyholder the option to request a written comparison between the existing policy and the proposed coverage.

Which is a role of the replacing insurer during a life insurance replacement transaction?

If a replacement is involved in a transaction, the replacing insurer shall: (1) Verify that the required forms are received and are in compliance with this chapter; (2) Notify any other existing insurer that may be affected by the proposed replacement within 5 business days after: (a) Receipt of a completed application

What is a drop down clause in insurance?

A drop down provision in an auto liability policy decreases the amount of coverage the insured policy holder has if certain events occur, such as being convicted of felony drunk driving out of a motor vehicle collision which causes injury to the other driver(s).

When a replacement is involved in an insurance transaction an agent must do all of the following?

An agent involved in a replacement transaction must submit to the replacing insurer a statement signed by the applicant regarding any existing life insurance. This statement usually is part of the insurance application. Both the applicant and agent must sign a Notice Regarding Replacement of Life Insurance.

What may be used to modify the terms of an insurance contract?

An insurance endorsement/rider is an amendment to an existing insurance contract that changes the terms of the original policy. An endorsement/rider can be issued at the time of purchase, mid-term or at renewal time.

What must a replacing insurer do when replacement is involved in a life insurance transaction?

If a replacement is involved in a transaction, the replacing insurer shall: (1) Verify that the required forms are received and are in compliance with this chapter; (2) Notify any other existing insurer that may be affected by the proposed replacement within 5 business days after: (a) Receipt of a completed application

What is the rule of replacement in insurance?

Policy replacement is an action which eliminates the original policy or diminishes its benefits or values. Examples of this are policy loans, taking reduced paid-up insurance, or withdrawing dividends.

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