Alabama Life and Health Insurance | 50 Questions and Answers with complete solution

The Fair Credit Reporting Act - what law protects consumers from the circulation of inaccurate or obsolete information? domestic, foreign, and alien - Insurers are classified according to their domicile. What are the 3 types of insurers? Fraternal insurer - what type of insurer is a voluntarily formed organization that provides religious organizations with a representative form of government? mutual company - the type of insurance company organized to return any surplus money to its policyholders is known as what? Insurer - when agents act within the scope of their contract, their actions will be assumed to be the actions of whom? underwriting - what is the name of the process that insurance companies use to determine if an applicant is insurable? provide the aplicant with a Disclosure Authorization Notice - if an insurer needs to obtain information about the applicant from investigators, what is the insurer required to do? Alien - what type of insurer is formed under the laws of another country? adverse selection - when risks with higher probability of loss are seeking insurance more often than other risks, is known as what? when to policy is delivered and the premium is paid. - when does an insurance p