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What Constitutes an Active File, as Opposed to an Inactive

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What constitutes an active file, as opposed to an inactive file?


Definitions:

Age Misrepresentation

The act of deliberately falsifying one's age, usually for the purpose of gaining access to certain privileges or avoiding restrictions.

Insurance Application

The form or process through which a potential insured provides information for an insurance company to evaluate and decide on providing coverage.

Beneficiary Payment

A payment made to a person or entity designated to receive benefits from a contract, such as insurance policy or a will.

Surrender

A mutual agreement between a landlord and a tenant in which the lessee returns his or her interest in the premises to the landlord.

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