Life Insurance Basics
What distinguishes an investigative consumer report from an ordinary consumer report?
Answer and explanation
Answer: A. An investigative consumer report gathers information on character, general reputation and mode of living through interviews with neighbours, friends and associates, and the applicant must be told it may be obtained. An ordinary report draws on records rather than interviews.Source: PSI — New York DFS Insurance Candidate Information Bulletin — Outline, investigative consumer report
More life insurance basics questions
- What is life insurance used for in estate conservation?
- What is required when an insurer issues a policy on terms different from those applied for?
- What is the blackout period in survivor income planning?
- What is the chief drawback for an employee of relying on group life insurance alone?
- What is the dependency period in planning for income needs?
- What is the essential difference between term and permanent life insurance?
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