Under which of the following laws does an applicant for a life insurance policy have the right to question the validity of information contained in a consumer report?

a. McCarran Ferguson Act/ Public Law 15

(b.) Fair Credit Reporting Act

c. Fraud and False Statements Act

d. Gramm-Leach-Bliley Act/ Financial Services Modernization Act of 1999

Answer: B

State Insurance

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The pro rata liability clause is designed to protect the principle of
The two major actions required for a policyholder to comply with the Reinstatement Clause are
Life insurance policies will normally pay for losses arising from
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Ambiguities in an insurance policy are always resolved in favor of the
In an insurance contract, the applicant's "consideration" is the
Agents may be found guilty of defamation if they make a false statement that is intended to?
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The voluntary relinquishment of a legal right is called
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The authority granted to a licensed producer is provided via the
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All of the following entities regulate variable life policies EXCEPT
The pro rata liability clause is designed to protect the principle of
When the principal gives the agent authority in writing, it's referred to as
What is the benefit of choosing extended term as a nonforfeiture option?
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What is the purpose of establishing the target premium for a universal life policy?
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