Receipt Flashcards
1
Q
Insurance carriers gives up all control of a policy and releases it for
Unconditional delivery to someone acting for the policyholder
Including the company own agent
A
Constructive delivery
2
Q
Detailed background investigations that may include
An interveiw with coworker etc
A
Consumer report
3
Q
Legal description of what happens when a insurer declines
A paid application for insurance with a standard rate classification
A
Counter offer
4
Q
A summary of an insurance applicant credit history
A
Credit report
5
Q
Described an individual whose application for coverage was
Rejected by an insurance company
A
Declined risk
