Forms Flashcards

1
Q

Requires producers to obtain signed del6 receipts as proof of delivery7

A

Delivery receipt

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2
Q

Comparison form required by various state regulatory

Agencies to be given to every policyowner

A

Disclosure form

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3
Q

Comparison form required by various state regulatory

Agencies to be given

A

Disclosure form

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4
Q

Pro rated amount of paid in advance premiums allocated

To the portion of the policy term that has already elasped

A

Earned premium

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5
Q

Identify when coverage is actually in force and it’s
establishes the date by which the policyowner must
Pay future annual premiums

A

Effective date

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6
Q

Statement or proof regarding a person current health

Status and history that qualify him for coverage

A

Evidence of INSURABILITY

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7
Q

Factors the insurer operating expenses into the premium expenses

A

Expense factor

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8
Q

Federal law passed in 1970 that provides an insurer with the right to
Receive add6 info about insurance applicants

A

Fair credit reporting act

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