Any changes made on an insurance application requires the initials of whom?

When any changes are made on an insurance application, it is essential for the initials of the applicant to be included. This is because the applicant is the person seeking coverage and is ultimately responsible for the accuracy and completeness of the information submitted. By initialing any changes, the applicant acknowledges and agrees to those modifications, ensuring that they are aware of what has been altered before the policy is issued.

The agent, while helping to facilitate the application process, does not have the authority to approve changes made by the applicant. The underwriter's role comes later in the process, as they assess the application for risk and make decisions based on the completed application. The beneficiary, being the person entitled to receive benefits from the insurance policy, has no authority or responsibility concerning changes made to the application itself. Therefore, requiring the applicant's initials ensures clarity and consent regarding any modifications that have been made.