Are you having trouble answering the question “Which of the following statements pertaining to inspection reports and credit reports on life insurance applicants is NOT correct?”? You don’t have to worry about it anymore. Azanswer team is here with the correct answer to your question.
Which of the following statements pertaining to inspection reports and credit reports on life insurance applicants is NOT correct?
A) Inspection reports only require consumer notification when they are conducted.
B) Information contained in inspection reports is usually obtained through interviews with employers, neighbors, and associates of the proposed insured.
C) Consumers must be notified and give their consent to an inspection report.
D) Applicants with unfavorable credit ratings, a history of moral hazard, or both are poor prospects for life insurance.
Answer: Inspection reports only require consumer notification when they are conducted.
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