A Person Would Not Have an Insurable Interest in the Life

question 26

Multiple Choice

A person would not have an insurable interest in the life of a

• A) spouse.
• B) business partner.
• C) friend.
• D) son or daughter.

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Definitions:

Product Safety Standards

Regulations established to ensure that products meet minimal safety criteria to protect consumers.

Equal Credit Opportunity Act

A United States law that makes it unlawful for any creditor to discriminate against any applicant, with respect to any aspect of a credit transaction, on the basis of race, color, religion, national origin, sex, marital status, or age.

Extension Of Credit

An agreement to allow a purchaser to pay for goods or services at a future date, typically involving interest fees.

Fair Credit Reporting Act

A U.S. federal law designed to ensure the accuracy, fairness, and privacy of consumer information contained in the files of consumer reporting agencies.