Uw

Question 1

Agent or producer completing the consumers insurance application

Answer 1

Field underwriters

Question 2

Producers determines which risks are desirable and submits those to the underwriting department
For approval,

Answer 2

Field underwriting

Question 3

10 day free period in a life insurance contract

Period begins when producer delivers the insurance policy

Answer 3

Free look period

Question 4

Insurance premium is expenses

Answer 4

Health Insurance premium

Question 5

Insurer must confirm with state and federal laws privacy actalso prohibits
Insurer from basing their decision solely on previous ADVERSE underwriting decision

Answer 5

Information and privacy protection act

Question 6

Documents the temporary releases of a new policy to the
Prospective policyholder without payment allows the Prospective
Insured to review the contract

Answer 6

Inspection receipt

Question 7

A report that contains General information regarding

The health habits finances reputation of an applicant

Answer 7

Inspection report

Question 8

Described the financial or emotional relationship between 2 or more
Parties

Answer 8

Insurable interest

Question 9

Represents the income insurance company earn from investing paid premium

Answer 9

Interest