Personal Finance 1st Edition by Jack R. Kapoor

Exercise 29

Using the Services Provided by State Insurance Departments. Contact your state insurance department to get information about whether your state requires interest-adjusted cost disclosure. Prepare a summary report of your finding. (Obj. 5)

Step 1 of 2

This answer will differ from person to person depending upon the state in which they are living and making such an enquiry. But most of the states will require the insurance company to disclose the interest adjusted cost. This is being emphasized because; it will assist the consumers to compare the cost of insurance.