1. At what point must a life insurance

applicant be informed of their rights

that fall under the Fair Credit Reporting Act?

2. Who elects the governing body of a

mutual insurance company?

3. An insurance applicant MUST be informed of an investigation regarding his/her reputation and character

according to the

4. What type of reinsurance contract

involves two companies automatically sharing their risk exposure?

5. The stated amount or percent of

liquid assets that an insurer must

have on hand that will satisfy future

obligations to its policyholders is

called

6. Which of the following requires insurers to disclose when an applicant's consumer or credit history is

being investigated

7. What is the consideration given

by an insurer in the Consideration

clause of a life policy?

8. When third-party ownership is involved, applicants who also happen

to be the stated primary beneficiary

are required to have

9. Statements made on an insurance

application that are believed to be

Upon completion of the application

policyholders

Fair Credit Reporting Act

Treaty

reserves

1970 - Fair Credit Reporting Act

Promise to pay a death benefit

insurable interest in the proposed insured

representations