BASIC PRINCIPLES

Question 1

At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act?
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( )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?

Answer 1

Upon completion of the application

Ao finalizar a inscricao

Question 2

What year was the McCarran-Ferguson Act enacted?
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( )1944
( )1945
( )1946
( )1947
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Em que ano foi promulgada a Lei McCarran-Ferguson?

Answer 2

1945

Question 3

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

Answer 3

risk retention group

grupo de retenção de risco

Question 4

Which of the following requires insurers to disclose when an applicant’s consumer or credit history is being investigated
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( )1970 - Fair Credit Reporting Act
( )1959 - Intervention by (SEC) The Securities and Exchange Commission
( )1999 - Financial Services Modernization Act
( )1945 - The McCarran-Ferguson Act
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Qual das opções a seguir exige que as seguradoras divulguem quando o consumidor ou o histórico de crédito de um solicitante está sendo investigado

Answer 4

1970 - Fair Credit Reporting Act

Question 5

What is the name of the law that requires insurers to disclose information gathering practices and where the information was obtained?
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( )State Guaranty Association
( )Fair Labor Standards Board
( )Fair Credit Reporting Act
( )National Association of Insurance Commissioners
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Qual é o nome da lei que exige que as seguradoras divulguem informações práticas de coleta e onde a informação foi obtida?

Answer 5

Fair Credit Reporting Act

Question 6

A nonprofit incorporated society that does not have capital stock and operates for the sole benefit of its members is known as
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( )a fraternal benefit society
( )a stock insurer
( )a mutual insurer
( )the Life and Health Insurance Guaranty Association
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Uma sociedade constituída sem fins lucrativos que não tem capital social e funciona para o benefício exclusivo de seus membros é conhecido como

Answer 6

a fraternal benefit society

uma fraterna sociedade beneficente

Question 7

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
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( )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

Answer 7

reserves

reservas