Principal filed a lawsuit in 2010 stating that Locker had provided misleading financial information on his insurance application and failed to cancel another insurance policy he held with another insurer.
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As you know, personal information like height, weight, medical conditions, propensity to take risks (skydiving and bungee jumping, etc.), alcohol consumption and recreational drug use are required disclosures on an insurance application.
Allegedly, on November 11, 2011, Chaisson submitted a new life insurance application for his uncle, but the underwriter (citing the prior rejection ) required that the uncle submit to a telephonic medical history interview.
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But using it in the life-insurance application process would "raise questions" about whether the data would be subject to the federal Fair Credit Reporting Act, says Rebecca Kuehn of the Federal Trade Commission's division of privacy and identity protection.
But McNamee says he can keep up the growth, by performing more of the life-insurance-application process for companies and by carefully expanding into related lines, such as monitoring clinical trials for drug companies--another opportunity opened up by the Internet, which offers the most efficient way to track and report such events.
Upon advancing to CEO, Mr. Hagedorn says he applied for key-man insurance and checked yes when the application asked whether he had ever smoked, piloted an aircraft or gone scuba diving.
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The financial module is the module most relevant for the insurance industry and is best represented as the application of the dataset and its findings.
Think of the efficiencies in hospital supply chains, the delivery of prescription drugs, the processing of billing and insurance claims, reductions in fraud, and the application of best practices for cost controls.
Perhaps the most famous and common application of adverse selection theory is in health insurance.
At the meeting he gave each of them five minutes to fill out the application form for the simplest type of life insurance for his or her country.
Any lease application would come under intense scrutiny and face higher insurance rates.
The Federal Deposit Insurance Corporation held an unprecedented hearing into Wal-Mart's application to open a bank.
The omission from the application may be deliberate, to hide a health condition that might have made the applicant ineligible for insurance.
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