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Alabama Life & Health Insurance Exam Set 1 1. what law protects consumers from the circulation of inaccurate or obsoleteinformation ANS The Fair Credit Reporting Act 2. Insurers are classified according to their domicile. What are the 3 types ofinsurers ANS domestic, foreign, and alien 3. what type of insurer is a voluntarily formed organization that provides religious organizations with a representative form of government ANS Fraternalinsurer 4. the type of insurance company organized to return any surplus money toits policyholders is known as what ANS mutual company 5. when agents act within the scope of their contract, their actions will beassumed to be the actions of whom ANS Insurer 6. what is the name of the process that insurance companies use to determineif an applicant is insurable ANS underwriting
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the insurer required to do ANS provide the aplicant with a Disclosure Authorization Notice
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the next. From what type of insurer did the insured purchase thepolicy ANS mutual