Application, Delivery, Underwriting Flashcards
1
Q
The term “illustration” in a life insurance poicy refers to ..
A
A presentation of nonguaranteed elements of a policy
2
Q
The Federal Fair Credit Reporting Act
A
Regulates consumer reports
3
Q
What is a definition of a unilateral contract?
A
One sided: only one party makes an enforceable promise
4
Q
What is the closest term to an authorized insurer?
A
Admitted
