Completing the application

Question 1

the signature of the applicant (policyowner)

Answer 1

Required Signature

Question 2

remove a name from a joint life insurance policy, or change how you pay your premiums (monthly or annually).

Answer 2

Changes in the applications

Question 3

being that the individual may possibly have their application denied

Answer 3

Consequences of incomplete application

Question 4

a legally binding promise made by the policyholder to the insurer, stating that certain conditions will be met during the policy period

as being correct to the best of their knowledge.

Answer 4

Warranties and Representative

Question 5

the first payment

Answer 5

Collecting the initial premium and issuing the receipt

Question 6

policy loans, taking reduced paid-up insurance, or withdrawing dividends

Answer 6

Replacement

Question 7

Consent covers treatment, payment, and healthcare operations, whereas authorization is required for other specific purposes.

Answer 7

Disclosures at point of sale (e.g., HIPAA, HIV consent

Question 8

the purchase of an insurance product inconsistent with the customer’s need

Answer 8

USA PATRIOT ACT/ anti-money laundering

Question 9

seeks to protect consumer financial privacy

Answer 9

Gramm-Leach Biley Acy