Chapter 2 Review Questions
a. viatical settlement provider
*b. viator
c. viatical settlement broker
d. viatical settlement agent
*a. viatical settlement provider
b. viator
c. viatical settlement broker
d. viatical settlement agent
a. viatical provider
b. viator
*c. viatical settlement broker
d. viatical settlement agent
a. viatical settlement brokers and agents represent the viator
b. viatical settlement brokers and agents represent the viatical settlement company
*c. viatical settlement brokers represent viators and viatical settlement agents represent viatical settlement providers
d. viatical settlement brokers represent viatical settlement providers and viatical settlement agents represent viators
a. 6 months or less
b. 12 months or less
*c. 24 months or less
d. 48 months or less
a. eating
b. driving
*c. mobility
d. dressing
a. policies in which the insured is not the policyholder
*b. policies in which the contestability period has not elapsed
c. policies with restrictions on the assignability of ownership
d. any of the above would classify a policy as non-conforming
a. a written application
b. a copy of the policy and a policy release form
c. a medical release and statement of mental competency
*d. all of the above
a. obtain multiple bids from competing settlement companies
b. discuss their life expectancy with their physician
c. be sure viatical settlement proceeds will be held by an independent escrow agent
*d. all of the above
a. one to two weeks
b. two to four weeks
*c. four to ten weeks
d. none of the above
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