Question 11

The applicant for a Medicare Supplement policy must sign a receipt acknowledging delivery of a Buyer's Guide when the policy is delivered.

When the policy is delivered, it is essential for the applicant to sign a receipt that confirms they have received the Buyer's Guide, ensuring they are informed about their rights and options.

A) Policy is delivered

This option is correct because the requirement to sign a receipt acknowledging the delivery of a Buyer's Guide specifically occurs at the time the policy is delivered to the applicant. This process helps ensure that applicants receive critical information about their Medicare options.

B) Applicant is over age 70

This option is incorrect as the requirement to sign a receipt for the Buyer's Guide does not depend on the age of the applicant. Regardless of age, the acknowledgment is required when the policy is delivered.

C) Agent takes the application

This option is also incorrect. The signing of the receipt for the Buyer's Guide is not a requirement at the time of application submission. It is specifically tied to the delivery of the policy itself.

D) Policy is a direct response solicitation

This option is incorrect because the requirement for signing a receipt for the Buyer's Guide is not contingent upon whether the policy is a direct response solicitation. It is based solely on the delivery of the policy.

Conclusion

The correct answer is A, as the process of signing a receipt for the Buyer's Guide is explicitly tied to the delivery of the policy. All other options fail to meet the specific conditions under which this acknowledgment is required, making option A the only valid choice according to the guidelines for Medicare Supplement policies.