Primerica chapter 1 practice exam
If an insurance company wishes to order a consumer report on an application to assist in the underwriting process, and if a notice of insurance information practices has been provided, the report may contain all of the following EXCEPT the applicant's
Ancestry
what is a definition of a unilateral contract
one-sided: only party makes an enforceable promise
All of the following information about the applicant is identified in the General Information section of a life insurance application EXCEPT
Education
When Y applied for life insurance and paid the premium on August 14, he was issued a conditional receipt. During the underwriting process, the insurance company found no reason to reject the risk or classify it other than as standard. Y was killed in an automated accident on August 22, before the policy was issued. In this case, the insurance company will
Issue the policy anyway and pay the face value to the beneficiary
An individual applied for an insurance policy and paid the initial premium. The insurer issued a conditional receipt. Five days later the applicant had to submit to a medical exam. If the policy is issued, what would be the policy's effective date?
the date of medical exam
Which is generally true regarding insureds who have been classified as preferred risks
their premiums are lower
Which of the following individuals must have insurable interest in the insured
policyowner