BASIC PRINCIPLES Flashcards
At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act?
( )Before the appointment is scheduled ( )Upon completion of the application ( )At the policy's delivery ( )When the insurer receives the MIB report
Em que momento um solicitante de seguro de vida deve ser informado sobre seus direitos que se enquadram no Fair Credit Reporting Act?
Upon completion of the application
Ao finalizar a inscricao
What year was the McCarran-Ferguson Act enacted?
( )1944 ( )1945 ( )1946 ( )1947
Em que ano foi promulgada a Lei McCarran-Ferguson?
1945
A group-owned insurance company that is formed to assume and spread the liability risks of its members is known as a
( )treaty insurer ( )risk retention group ( )risk assumption group ( )captive insurer
Seguradora de grupo constituída para assumir e distribuir riscos de responsabilidade de seus membros é conhecido como um
risk retention group
grupo de retenção de risco
Which of the following requires insurers to disclose when an applicant’s consumer or credit history is being investigated
( )1970 - Fair Credit Reporting Act ( )1959 - Intervention by (SEC) The Securities and Exchange Commission ( )1999 - Financial Services Modernization Act ( )1945 - The McCarran-Ferguson Act
Qual das opções a seguir exige que as seguradoras divulguem quando o consumidor ou o histórico de crédito de um solicitante está sendo investigado
1970 - Fair Credit Reporting Act
What is the name of the law that requires insurers to disclose information gathering practices and where the information was obtained?
( )State Guaranty Association ( )Fair Labor Standards Board ( )Fair Credit Reporting Act ( )National Association of Insurance Commissioners
Qual é o nome da lei que exige que as seguradoras divulguem informações práticas de coleta e onde a informação foi obtida?
Fair Credit Reporting Act
A nonprofit incorporated society that does not have capital stock and operates for the sole benefit of its members is known as
( )a fraternal benefit society ( )a stock insurer ( )a mutual insurer ( )the Life and Health Insurance Guaranty Association
Uma sociedade constituída sem fins lucrativos que não tem capital social e funciona para o benefício exclusivo de seus membros é conhecido como
a fraternal benefit society
uma fraterna sociedade beneficente
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
( )credits ( )reserves ( )surplus ( )retention
O valor declarado ou percentual de ativos líquidos que uma seguradora deve ter em mão que irá satisfazer as obrigações futuras para com seus segurados é chamado
reserves
reservas
