Certified Financial Consultant (CFC) Practice Exam

When delivering a policy, the documents that need to be confirmed as received by the agent are crucial for ensuring that all necessary terms and agreements are in place for the insurance coverage to be valid. Among the options provided, a signed waiver of premium is not typically required to be confirmed upon policy delivery.

The payment of premium is essential as it signifies the policyholder's commitment to the insurance contract and is often needed to activate coverage. The correct and signed application is also critical because it contains the information used by the insurer to underwrite the policy, and it must be accurate and finalized to validate the contract. A statement of good health is usually required to confirm that the insured's health status has not changed since the application, ensuring that the insurer is aware of any new risk factors.

In contrast, the signed waiver of premium, while it may be necessary under certain circumstances (such as during periods of disability), is not a standard requirement at the time of policy delivery for all insurance products. As such, confirming its receipt by the agent is not a mandated step in the policy delivery process, making it the correct answer in this context.