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