Missed Questions from Exam Flashcards
right of rescission
misrepresentation in the contract
adult day care qualifying for home care benefits - good or bad in a policy?
GOOD! Enhances flexibility.
standard method of reporting interest
truth in lending
It requires a creditor who has denied credit to notify the consumer about which credit reporting agency provided information to the potential creditor.
fair credit reporting
adjuster role in insurance
determine whether loss is covered, and handle settlement
dividend options for life insurance
interest, cash, one-year term, paid up additions, reduced premium
non forfeiture options
extended term, cash, reduced paid up
do HMOs usually use coinsurance provisions?
no
true or false: umbrella gives the INSURED the right to approve or disapprove any out of court settlement
false
Irrevocable beneficiary in life insurance policy - conditional interest or insurable interest
Conditional
consumer credit protection act
- Credit card holders are liable for unauthorized charges only up to $50.
- Credit cards may not be issued unless they are requested by the consumer.
Can you add an umbrella as an endorsement to the PAP?
NO!
IS insured required to gather evidence for the insurer?
NO!
