Wa state life insurance - Study guides, Class notes & Summaries

Health contracts are prepared by insurers and must be accepted by the insured on an 'as is' basis. This described what aspect of a health insurance contract? - ANSWER Contract of Adhesion If an insurer decides to obtain medical information from different sources in order to determine the insurability of an applicant, who must be notified of the investigation? - ANSWER The applicant. What are the two types of expenses that are covered by health insurance? - ANSWER Expenses related to health...

WA State Life Insurance Latest Update with Verified Solutions Fair credit reporting act A federal law that regulates consumer reporting agency's in the use of consumer reports Fair credit reporting act requirement The insurer must inform the applicant of the name and address of the investigation agency so the applicant is able to obtain a copy of the report and have the opportunity to refute any misinformation Fair credit reporting act requirement The investigating agency cannot ...

Concealment - Failure to disclose a material fact which should have been disclosed concealment has the same effect as misrepresentation Apparent authority - The appearance of or an assumption of authority which may cause applicants or insured to believe the producer has authority which in fact he does not have 1033 - United States code establishes definition and penalties for crimes by or affecting person engaged in the business of insurance his activities affect interstate commerce 1034 -...

Wa state life insurance exam with correct answers

Fair credit reporting act - ANSWER A federal law that regulates consumer reporting agency's in the use of consumer reports Fair credit reporting act requirement - ANSWER The insurer must inform the applicant of the name and address of the investigation agency so the applicant is able to obtain a copy of the report and have the opportunity to refute any misinformation Fair credit reporting act requirement - ANSWER The investigating agency cannot report bad debts over seven years old or ban...

Fair credit reporting act - ANSWER A federal law that regulates consumer reporting agency's in the use of consumer reports Fair credit reporting act requirement - ANSWER The insurer must inform the applicant of the name and address of the investigation agency so the applicant is able to obtain a copy of the report and have the opportunity to refute any misinformation Fair credit reporting act requirement - ANSWER The investigating agency cannot report bad debts over seven years old or ban...

Wa state life insurance Test Answered Correctly!!

Wa state life insurance new review

Wa state life insurance | latest 2023 Fair credit reporting act - A federal law that regulates consumer reporting agency's in the use of consumer reports Fair credit reporting act requirement - The insurer must inform the applicant of the name and address of the investigation agency so the applicant is able to obtain a copy of the report and have the opportunity to refute any misinformation Fair credit reporting act requirement - The investigating agency cannot report bad debts over se...