An automobile insurance with the omnibus clause is called an umbrella insurance policy

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."

Describe a residual plot

What will be an ideal response?