Chapter 5 Review (Life): Underwriting and Policy Issue Flashcards

1
Q

An underwriter determines that a life insurance applicant’s risk should be reclassified due to a health issue. This policy may be issued with a(n):

A

extra premium

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2
Q

Under the USA Patriot Act, insurers are required to report receipt of cash payments in excess of:

A

$10,000

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