Pennsylvania Life and Health Insurance Exam Practice Question
Falsifying the terms, benefits, advantages, or conditions of an insurance policy is an example of which of the following?
Correct Answer: B
Rationale: Falsifying the terms, benefits, advantages, or conditions of an insurance policy exemplifies misrepresentation, as it involves providing false or misleading information to induce reliance.
Option A, forgery, refers specifically to the act of falsifying documents or signatures, which is not the case here. Option C, concealment, involves withholding information rather than presenting false information. Option D, coercion, implies forcing someone to act against their will, which does not apply to the act of misrepresenting policy details. Thus, misrepresentation accurately captures the essence of the action described.
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