Life Insurance Basics
What must an insurer give an applicant when personal information may be collected from third parties?
Answer and explanation
Answer: B. Privacy practice requires a notice describing what information may be collected, from whom, how it may be used and disclosed, and the applicant's rights of access and correction. Copies of reports and lists of interviewees are not furnished in advance, and rights of access are not waived.Source: PSI — New York DFS Insurance Candidate Information Bulletin — Outline, use and disclosure of insurance information
More life insurance basics questions
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