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Florida 214 Exam Prep | 100% Correct Answers | Verified | Latest 2024 Version

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Institution Florida 214
Course Florida 214
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What is required by the Fair Credit Reporting Act of 1970? - If an applicant is rejected due to findings in a report, the applicant must be provided with the names and address of the reporting agency. An applicant has the right to know anyone questioned regarding the report. An applicant must be notified a report has been requested. Insurable interest exists between all of the following - Husband and wife Blood relatives (parent, grandparent, children and grandchildren) Business partners Which of the following terms is known as the voluntary relinquishment of a given right or privilege? - Waiver Which type of contract is considered to never have been legally binding? - Void contract In the event an insurance company becomes insolvent, this type of association ensures unpaid claims will be paid for covered policyowners? - State Guaranty Association

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