New York Child Abuse Identification and Reporting Practice Exam

Which of the following signatures is NOT required on a life insurance application?

1. Insured's signature

2. Owner's signature

3. Beneficiary's signature

4. Minor's signature in a juvenile policy

The correct answer is: Minor's signature in a juvenile policy

A minor's signature in a juvenile policy is typically not required on a life insurance application because minors are generally not considered legally competent to enter into binding contracts. In the case of a juvenile policy, it is the owner—usually a parent or guardian—who has the authority to sign the application on behalf of the minor. The required signatures usually include those of the insured (if they are of legal age), the owner of the policy, and in some cases, the beneficiary, although the beneficiary's signature is often not mandatory either. This reflects the legal framework surrounding insurance contracts and the need for individuals who are legally able to consent to the terms of the policy.