Kansas Life & Health Insurance Exam | 100 Questions with 100% Correct Answers | Verified | Latest Update 2024

How much advance notice must consumer be given for a Investigative Consumer Report? - 3 days The insurer or reporting agency has ____ (time) to provide consumer with additional requested information regarding Investigative Consumer Report. - 5 days A person who knowingly and willfully obtains information on a consumer from a consumer reporting agency under false pretenses may also be fined and/or imprisoned for up to _____ (time) - 2 years Unknowingly violates the Fair Credit Reporting Act (penalty) - Amount equal to the loss to the consumer and attorney fees Willingly violates the Fair Credit Reporting Act (penalty) - $2,500 Prohibited info in consumer reports include bankruptcies more than ____ years old - Ten (10) Prohibited info in consumer reports includes negative information more than ___ years old - Seven (7) Length of life insurance free-look period - Ten (10) days Immediate annuities provide income payments that start within _____ (time) from date of purchase - One (1) year Deferred annuities provide income payments that start after _____ (time) from date of purchase - One (1) year after annuity purchase