1. The Fair Credit Reporting Act-✓✓✓what law protects consumers from the circulation of inaccurate or obsolete information?

2. domestic, foreign, and alien✓✓✓Insurers are classified according to their domicile. What are the 3 types of insurers?

3. Fraternal insurer -✓✓✓what type of insurer is a voluntarily formed organization that provides religious organizations with a representative form of government?

4. mutual company-✓✓✓ the type of insurance company organized to return any surplus money to its policyholders is known as what?

5. Insurer✓✓✓when agents act within the scope of their contract, their actions will be assumed to be the actions of whom?

6. underwriting-✓✓✓ what is the name of the process that insurance companies use to determine if an applicant is insurable?

7. 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?

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jordancarter 7 months ago

This study guide is clear, well-organized, and covers all the essential topics. The explanations are concise, making complex concepts easier to understand. It could benefit from more practice questions, but overall, it's a great resource for efficient studying. Highly recommend!

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