How many days of requesting an investigative consumer report must an insurer notify the consumer in writing that the report will be obtained?The user must disclose to the consumer that an investigative consumer report may be obtained. This must be done in a written disclosure that is mailed, or otherwise delivered, to the consumer not later than three days after the date on which the report was first requested.
What is the term used for an applicant's written request to ensure for the company to issue a contract based on the information provided?A request for information (RFI) is a solicitation to suppliers for written information on the products and services that they can provide.
What is the term used for an applicant?a person who applies for or requests something; a candidate: an applicant for a position.
When forming an insurance contract when does acceptance usually occur?In forming an insurance contract, acceptance usually occurs when the insurance company accepts the insurance applicant's offer or application for insurance. In creating an insurance contract, the applicant secures an application form which he or she fills up and sends to the insurance company for evaluation.
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