What is the incorrect statement out of the following ones?

A. Agent’s report is not always compulsory

B. Agent’s report should contain details of proposer’s health, habits, occupation, income, and family

C. An agent is a primary underwriter from the insurer’s point of view

D. Prospectus is a legal document

Answer: Option A

Solution(By Examveda Team)

Agent’s report is always compulsory in insurance.