Because of the possibility of curbstoning, data validation becomes a necessary step in the data acquisition process.

Changes made to a policy must be

A) approved in writing by the insured, agent and executive officer of the insurance company. B) approved in writing by the insured and initialed by one of the insurer's executive officers. C) approved in writing by the insured and initialed by the agent. D) approved in writing by an executive officer of the insurance company.

A broker may not accept a deposit from a buyer unless:

a. the check is in the broker's name b. specifically authorized to do so in the listing c. it is deposited immediately in the broker's trust account d. the seller is out of town