Report from insurer’s officers

A report from its own officers on a proposer is not taken in each and every case. However when the sum proposed is very high or when the insurance itself may suggest  moral hazard the insurer will ask one or more of its regular officers to submit a report/reports after making necessary inquiries about the bona fides of the proposed insurance and that it may not involve any moral hazard. Such reports may report on the probability of a progressive income for the proposer over a period of many years to come. Similarly a report on the income of the proposer based on a salary certificate from a foreign employer or based on his various assets may be a case for an officer’s report. Such reports are intended to avoid possibility of over-insurance-cover or insurance disproportionate to one's income where beneficiaries are motivated to prefer his death to his survival.