Which of the following is an accurate statement for a producer to make regarding underwriting?
A) The applicant must provide a list of the sources and give permission to contact them.
B) The Medical Information Bureau (MIB) will contact the applicant for additional information.
C) The primary source of information used in underwriting will be the application.
D) A consumer report must be requested."
Ans: C) The primary source of information used in underwriting will be the application.
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Which data source provides auditability and traceability for event investigation as well as documentation?
A. Network segmentation B. Ephemeral storage C. Database schema D. Virtualization platform logs
An annuity, five years certain, makes payments to the annuitant:
A) for 5 years or until the annuitant's death, whichever event happens last B) for only the first 5 years of the liquidation period C) only if the insured dies within the first five years D) for 5 years or until the annuitant's death, whichever event happens first