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