What must the agent do if the insured fails to sign a statement of good health at the time of policy delivery?

When the insured fails to sign a statement of good health at the time of policy delivery, the agent must return the policy to the insurer and refuse any premium payment. This is because the statement of good health is a crucial part of the underwriting process. It ensures that the insured remains in good health and has not experienced any changes that could affect their insurability between the application and the delivery of the policy.

Without this statement, the insurer cannot assess the risk correctly, which could lead to underwriting concerns if health changes were to occur after the application but before policy delivery. By returning the policy, the agent maintains the integrity of the insurance process and protects both the insurer and the insured. Proceeding with policy delivery or accepting premium payments without this signed declaration would jeopardize the contractual obligations and could lead to disputes later regarding coverage and claims.