Disclosure must state the reason and purpose information is collected and how it is used. This means:
A) The reason is for the application process, the purpose is for underwriting the policy
B) The reason is for underwriting the policy, the purpose is for the application process
C) The reason is for insurance, the purpose is for collections
D) The reason is for collections, the purpose is for insurance coverage
Correct Answer:
Verified
Q7: The McCarran-Ferguson Act of 1974 states:
A)Federal government
Q8: As an insurer, if you choose to
Q9: Which of the following protects the insured
Q10: Disclosure authorization must be given to applicants:
A)When
Q11: The majority of insurance regulation takes place
Q13: Insurance companies are governed by regulations intended
Q14: Companies selling life insurance are taxed on
Q15: Disability insurance has an elimination period or
Q16: Insurers use the law of large numbers
Q17: Studies have indicated that people who drive
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