d. Warranties and representations
e. Collecting the initial premium and issuing the receipt
2. Underwriting
a. Insurable interest
b. Medical information and consumer reports
c. Fair Credit Reporting Act
d. Risk classification
3. Delivering the policy
a. When coverage begins
b. Explaining the policy and its provisions,
riders, exclusions, and ratings to the client
V. Wisconsin Life Insurance Law -- 3 Hours
A. Life insurance marketing
1. Bonuses
2. Policy replacement
3. Backdating
4. Proposal requirements
5. Life insurance sold with a mutual fund
6. disclosure requirements - life insurance
7. Policy summary/life insurance illustrations
8. Other selling requirements
9. Requirements for advertisements, representations, and solicitations
10. Disclosure requirements - annuities
11. Preliminary contract summary
B. Definition of a variable contract
C. Contestability of individual life policies by insurer
D. Assignment of rights
E. Misstatement of age
F. Designation of beneficiary
G. Special requirement related to AIDS
H. State life insurance fund
