Chapter 15

Question 1

Reasons for agent identity theft

Answer 1

Primarily as a means to hide an agents real identity for the purpose of submitting fraudulent business

Question 2

Red flags when an agent requests not to involve reinsurance

Answer 2

1. Other unknown applications in force or pending
2. agent has reason to believe the reinsurers will underwrite the proposed insured more conservatively
3. The reinsurers can already have adverse knowledge of the individual from previous submissions.

Question 3

What does the IRS From 4506-T allow an insurer to do?

Answer 3

Request a tax return

Question 4

Information categories found in an Rx database

Answer 4

Medication, Number of refills, dosage, date prescribed, Prescribing Doctor and their specialty,