Answer :
Final answer:
State laws require agents to inform insured individuals about policy conditions to maintain transparency and prevent misunderstandings.
Explanation:
State laws require the agent to make a special note or reminder to the insured regarding the fact that the policy pays only under stipulated conditions. This is a way to ensure transparency and ensure that policyholders are fully aware of the coverage conditions.
For example, in the insurance industry, agents play a crucial role in educating customers about their policies and guiding them through the terms and conditions to avoid any misconceptions or misunderstandings.
It is important for the insured to be informed about the specific conditions under which the policy will pay out to prevent any surprises during the claims process.
Learn more about Insurance policy conditions here:
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