Who is required to initial any changes made to an insurance application?

When changes are made to an insurance application, it is crucial for the integrity and approval of the application that the applicant initials those changes. This requirement ensures that the applicant acknowledges and agrees to any modifications, reinforcing their understanding and agreement to the terms and information presented.

The rationale behind this practice is to maintain transparency and to prevent any misunderstandings or misrepresentations regarding the applicant's intentions or information provided. Initialing changes signifies that the applicant has reviewed the alterations and confirms their validity, which protects both the applicant and the insurance company.

Typically, the insurance agent may assist in completing the application and communicating changes, while the underwriter evaluates the application for risk assessment. However, the primary responsibility for confirming and agreeing to the accuracy of the application rests with the applicant, as they are the individual seeking coverage. Therefore, initialing any alterations serves as an explicit indication of the applicant’s consent and awareness of the adjustments made.