What is a statement of good health?

A statement of good health is a document that confirms that an individual’s health status has not changed since their application for insurance. This statement is typically required by insurers when a policy is being issued, especially if there has been a gap between the application and the issuance of the policy. The purpose of this document is to ensure that the insurer has up-to-date information about the applicant’s health, which is crucial for underwriting purposes.

When an applicant submits a statement of good health, it assures the insurer that there are no new health issues or changes that could affect the risk assessment. This is particularly important because any significant changes in health could influence the terms of the insurance policy or even eligibility for coverage.

The other choices do not represent a statement of good health. A receipt of premium payment simply indicates that payment has been made but does not address health status. A record of medical history provides background information about an individual's past health but does not confirm current health status. A summary of the insurance policy terms outlines the coverage and conditions of the policy but does not pertain to the applicant's health at the time of issuance.