Information obtained from a phone conversation with the proposed insured can be found in which of these reports?

Prepare for the North Carolina Accident and Health Exam. Utilize flashcards and multiple choice questions featuring hints and explanations. Ace your exam effortlessly!

The correct choice is the inspection report because it typically includes information gathered from various sources, including phone conversations with the proposed insured. Inspection reports are utilized by insurers to verify the accuracy of the information provided by applicants and to assess their risk profile better. They may contain insights from interviews or discussions relating to the health of the proposed insured, lifestyle habits, and any other pertinent details that could impact underwriting decisions.

The other report types do not generally include direct communication details from the proposed insured. Credit reports focus on the financial history and creditworthiness of an applicant, while application reports mainly compile the data submitted in the initial insurance application. Claim reports, on the other hand, are concentrated on the specifics of claims that have been filed, detailing the events leading to a claim rather than the initial application or underwriting process.

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