They guarantee that a policy will be issued.
They can be issued by insurance companies, but not agents.
They expire on the effective date of the policy to which they apply, or on the expiration date of the binder if the policy is not issued.
They show an intent to consider issuing insurance, but do not include any commitment to provide coverage.
An evaluation of the characteristics of the individual risk
Manual rates developed from statistical data
Calculation and evaluation of the insured's past loss experience
Loss information reported by other states
Concern material facts.
Both A and B are correct.
Neither A nor B are correct.
Certificate of insurance
Pro rata basis
Short rate basis
Prenotification is required for both regular and investigative reports.
Postnotification is required when insurance coverage is denied because of adverse information in a credit report.
An agent who obtains information from a reporting agency under false pretenses can be sent to jail and fined.
Consumers have the right to challenge information in investigative reports and to have incorrect information removed.
Pro rata cancellation