5 - Life Insurance Underwriting and Policy Issue Test with
100% Verified Answers
At what time must a policyowner have insurable interest on the insured in
order for the life policy to be valid?
After the Contestable period
When the policy proceeds are paid
At the time of application
When the insured dies - -At the time of application
,5 - Life Insurance Underwriting and Policy Issue Test with
100% Verified Answers
Which Federal law allows an insurer to obtain an inspection report on a
potential insured?
Medical Information Bureau Act
Freedom of Information Act
Fair Credit Reporting Act
Medical Information Act - -Fair Credit Reporting Act
, 5 - Life Insurance Underwriting and Policy Issue Test with
100% Verified Answers
All of these are considered sources of underwriting information about an
applicant EXCEPT
Inspection Report
Credit Report
Rating Services
Medical Information Bureau - -Rating Services
100% Verified Answers
At what time must a policyowner have insurable interest on the insured in
order for the life policy to be valid?
After the Contestable period
When the policy proceeds are paid
At the time of application
When the insured dies - -At the time of application
,5 - Life Insurance Underwriting and Policy Issue Test with
100% Verified Answers
Which Federal law allows an insurer to obtain an inspection report on a
potential insured?
Medical Information Bureau Act
Freedom of Information Act
Fair Credit Reporting Act
Medical Information Act - -Fair Credit Reporting Act
, 5 - Life Insurance Underwriting and Policy Issue Test with
100% Verified Answers
All of these are considered sources of underwriting information about an
applicant EXCEPT
Inspection Report
Credit Report
Rating Services
Medical Information Bureau - -Rating Services
