The Fair Credit Reporting Act - correct answer what law protects consumers from the circulation of inaccurate or obsolete information?
domestic, foreign, and alien - correct answer Insurers are classified according to their domicile. What are the 3 types of insurers?
Fraternal insurer - corre...
Alabama Life And Health Insurance Exam 2024 With Guaranteed Accurate Answers
The Fair Credit Reporting Act - correct answer ✔✔what law protects consumers from the circulation of inaccurate or obsolete information?
domestic, foreign, and alien - correct answer ✔✔Insurers are classified according to their domicile. What
are the 3 types of insurers?
Fraternal insurer - correct answer ✔✔what type of insurer is a voluntarily formed organization that provides religious organizations with a representative form of government?
mutual company - correct answer ✔✔the type of insurance company organized to return any surplus money to its policyholders is known as what?
Insurer - correct answer ✔✔when agents act within the scope of their contract, their actions will be assumed to be the actions of whom?
underwriting - correct answer ✔✔what is the name of the process that insurance companies use to determine if an applicant is insurable?
provide the aplicant with a Disclosure Authorization Notice - correct answer ✔✔if an insurer needs to obtain information about the applicant from investigators, what is the insurer required to do?
Alien - correct answer ✔✔what type of insurer is formed under the laws of another country?
adverse selection - correct answer ✔✔when risks with higher probability of loss are seeking insurance more often than other risks, is known as what? when to policy is delivered and the premium is paid. - correct answer ✔✔when does an insurance policy go into effect?
an agent or producer - correct answer ✔✔according to the Law of Agency, a principal is represented by whom?
pure - correct answer ✔✔what type of risk is insurable?
stockholders - correct answer ✔✔who owns stock companies?
Insurers - correct answer ✔✔what entities make up the Medical Information Bureau?
complete a new application of ask the applicant to initial the correction on the original application - correct answer ✔✔when a change needs to be made on the application for insurance, which is the best method for correcting the information?
Certificate of Authority - correct answer ✔✔in order to transact insurance within a given sate, an alien insurer must first obtain what?
Loss - correct answer ✔✔Insurance is a contract that protects the insured from what?
when the application is submitted - correct answer ✔✔in insurance, when is the offer usually made on a contract?
stock company - correct answer ✔✔the insurer organized to return a profit to the stockholders is what type of insurer?
when the insurer approves a prepaid application - correct answer ✔✔in forming an insurance contract, when does an acceptance usually occur?
Foreign - correct answer ✔✔an insurance company that is formed under the laws of another state is known as what type of insurer?
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