isurance

which of the following iis a generic consumer publication that explains life insurance in order to assist decision making?

buyers guide

which of the following includes info about a person's credit, character, reputation, and habits?

consumer report

an insurance contract must contain all of the following to be considered legally binding except a offer and acceptance b consideration c competent parties d beneficiarys consent

d, beneficarys consent

What is a definition of unilateral contract?

one sided- only one party makes an enforcable model

When an agent collects the initial premium from applicant, the agent should issue the applicant a

premium receipt

another name for a substandard risk classification is

rated

under the fair credit reporting act if the consumer challenge the accuracy of the information contained in his or her report the reporting agency must

repsond to the consumer report

full premium was submitted with application for life insurance and the policy was issued two weeks later, when does policy coverage become effective

as of application date