State RegulationsGA specificDifficulty 1/5
Under Georgia's solicitation regulation, Reg. 120-2-31, the Buyer's Guide and Policy Summary provided to a life insurance applicant are primarily intended to:
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Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
Reg. 120-2-31 governs life insurance solicitation and requires the Buyer's Guide and Policy Summary so that applicants receive understandable information before buying. The Buyer's Guide explains how life insurance works, and the Policy Summary describes the specific policy, clearly distinguishing guaranteed elements from non-guaranteed ones such as dividends or crediting rates. Neither document replaces the application or the policy itself.
Why the other options are wrong
- A) The signed application remains the factual basis of the contract; the Buyer's Guide and Policy Summary are educational disclosures.
- B) The policy itself, not the Buyer's Guide or Policy Summary, is the contract of insurance.
- D) These documents convey product information; they play no role in documenting medical insurability.
Memory hook
Buyer's Guide teaches, Policy Summary describes — guaranteed vs. non-guaranteed spelled out.