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1. At what point must a life insurance
applicant be informed of their rights
that fall under the Fair Credit Reporting Act?
2. Who elects the governing body of a
mutual insurance company?
3. An insurance applicant MUST be informed of an investigation regarding his/her reputation and character
according to the
4. What type of reinsurance contract
involves two companies automatically sharing their risk exposure?
5. The stated amount or percent of
liquid assets that an insurer must
have on hand that will satisfy future
obligations to its policyholders is
called
6. Which of the following requires insurers to disclose when an applicant's consumer or credit history is
being investigated
7. What is the consideration given
by an insurer in the Consideration
clause of a life policy?
8. When third-party ownership is involved, applicants who also happen
to be the stated primary beneficiary
are required to have
9. Statements made on an insurance
application that are believed to be
Upon completion of the application
policyholders
Fair Credit Reporting Act
Treaty
reserves
1970 - Fair Credit Reporting Act
Promise to pay a death benefit
insurable interest in the proposed insured
representations
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