Set 1 Flashcards
1
Q
Insurance as an enterprise is deemed to be __________
Therefore falls under close government scrutiny
A
“Vested in public interest”
2
Q
The fair credit reporting act mandates
A
Confidential, Fair and accurate reporting of info on consumers by specific reporting agencies
3
Q
What are the two types of credit reporting reports?
A
- Consumer report
2. Investigative Report
4
Q
Insurance information and privacy act is
A
Requires that insurance agents inform prospects of the type of info
Techniques used to gather info
Sources of info
Possible recipients of info
5
Q
Who wrote our text book
A
James J Smith
