In Ray's application for life insurance an applicant failed to complete one part regarding family history. In his statement, the agent described the family as long-lived and healthy. If an insurance company accepts the application in the incomplete form and the applicant for coverage dies young from a cardiac condition that had taken the lives of both his parents before age 50, will the company deny or accept the claim of the beneficiaries?

The company will accept the claim

Explanation:

The Company will accept the claim of the beneficiaries because during the application for the life insurance by the insured it is the duty of the underwriters to get information required from the application and they must have failed to do that before the company issued the insurance policy. therefore when the insured dies before the expected time based on what the agent described him, the company MUST accept the claim of the beneficiaries since they accepted the incomplete form and  approved the policy. the insurer should have asked the producer to collect a statement of good health from the insured at the point of policy delivery.

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explanation:

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