The principle of insurable interest, in regards to a life insurance contract, is accurately described in which statement?
A) An agent establishes insurable interest
B) An individual does not have insurable interest on his or her own life
C) Insurable interest only pertains to business arrangements
D) Insurable interest can be based on the love and affection of individuals related by blood or law
Answer: D) Insurable interest can be based on the love and affection of individuals related by blood or law
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To the extent possible, interviewers should be selected to emphasize a higher income class than respondents, since this increases the probability of a successful interview
Indicate whether the statement is true or false
When I enter a correct customer number, the data entry screen displays the customer name and address. This is an example of
A) prompting. B) preformatting. C) closed-loop verification. D) error checking.