A. the word carries the same meaning in both the English and German languages. It provides income the beneficiary cannot outlive. C. Being liable with respect to payment of claims. Multiple licenses give the broker the ability to hold the title of broker at numerous real estate agencies at the same time. With the homes built and ready to go, Braggs hired a bunch of sales associates to push the properties into procurement. A. b. 24 (with 3 hours in ethics) We weren't able to detect the audio language on your flashcards. price is ___________ the equilibrium price. A. Which of the following is correct regarding prelicensing requirements? 30 days of the change b. B Identification of customer need. For example, this can happen when you remove the user from the group. A sales associate or broker associate may have a "group license" in order to sell for all the entities owned by the owner/developer. (b) legal if the brokers have multiple licenses. Express Authority. On May 1 she processed an application for life insurance on a new applicant. The only ABO type blood that normally does not have either A or B antigens . It is issued by the state department of insurance. Customer | Differences, Responsibilities & Examples. A. A tornado that destroys property would be an example of which of the following? Return to the waiting times given for the physicians office in one of the previous exercies. Which of the following is false regarding financial requirements applicable to insurers in Connecticut? We recommend that administrators set the correct usage location values on users before using group-based licensing to comply with local laws and regulations. What is the purpose of a conditional receipt? 9. Study with Quizlet and memorize flashcards containing terms like A producer must inform the Commissioner of a change of address within: a. When a sales associate's employing broker changes his or her address. Which of the following would be considered a nonmedical insurance application? Ethical Guidelines for Academic Editors. In insurance transactions, fiduciary responsibility means. Option Contract Overview & Components | What is an Option Contract? c. Greater than. When Azure AD assigns group licenses, any users without a specified usage location inherit the location of the directory. The broker must hold a separate license for each separate agency. We fully adhere to its Code of Cond To make his group license happen, Braggs must file an affidavit with the DBPR that lists the legal company name used for the developments. 24 (with 2 hours in ethics), Pre-Licensing Insurance Course Chapter 19 (Pa, Tennessee Laws and Departmental Rules Common, TEST 3 Superficial Venous Mapping & Chronic V, I NEED 120 QUESTION CORRECT TO PASS TEST WITH, CH. Required fields are marked *. A. If you use Exchange Online, some users in your organization might be incorrectly configured with the same proxy address value. Rising feed prices are also hitting the livestock and poultry industries. Which of the following is a statement that is guaranteed to be true, and if untrue, may breach an insurance contract? Which of the following statements are correct? The partnership is liquidating. Introducing Cram Folders! B. What type of insurance would be used for a Return of Premium rider? . Redlining, Blockbusting & Steering: Definition & Differences, General Agent vs. Universal Agent in Real Estate | Overview, Differences & Similarities, Accretion, Avulsion & Reliction: Definition & Effects. The plan is funded by permanent insurance only. Problem: One of the products that's specified in the group contains a service plan that conflicts with another service plan that's already assigned to the user via a different product. \hline 2008 & 1.39 & 3.67 \\ Upgrade to Microsoft Edge to take advantage of the latest features, security updates, and technical support. 4. (A warranty in insurance is a statement guaranteed to be true. Considering only offices with a wait tracking system, what is the z-score for the sixth patient in the sample (wait time 5 37 minutes)? Steven prints a pamphlet to advertise his life insurance business. Critics say that the subsidies are a waste of money, that corn-based supply enough energy to reduce oil imports, and that usingethanol cannot food crops for fuel causes other problems. Which of the following statements is false with respect to notices of information practices? A limited lines producer is authorized to sell all of the following, except: Which of the following statements is false? The insurable risk needs to be statistically predictable. Which of the following is NOT a reporting requirement? A. Handling insurer funds in a trust capacity. Replacement parts to be used that are not manufactured by the original manufacturer may not be used If we select the item details, it shows the following error message: "License operation failed. In forming of an insurance contract, this is referred to as (The insurer must be able to rely on the statements given by the insured in the application. A life policy may not be backdated more than: The duration of the grace period for life insurance policies is: A surplus lines producer sells insurance for: Which of the following statements is false concerning adjusters? b. a. In response to the Great Recession, Federal Reserve leaders continue to keep the shortrun target interest rate near zero. This rider is available to all insureds with no additional premium. Answer should be B because only one user cannot be assigned the license, and before assigning the license to a user, usage location should be same. Please sign in to share these flashcards. 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Holding multiple licenses gave Bob the ability to hold the title of broker at numerous real estate agencies at the same time. B. to English speakers, angst means an extreme state of anxiety experienced because of social isolation and loneliness. The policy contains sufficient cash value to cover the cost of insurance. The original age is used for premium determination. Which of the following insurers are owned by stockholders who have the usual rights of ownership, including the right of voting? A. 5 Match the following: A) Quality assurance - 1) Process oriented B) Quality control - 2) National physical laboratory C) Quality management - 3) Product oriented D) National measurement system - 4) Overall programmer of QA. With two legislative days remaining until Crossover Day, legislators and lobbyists spent all . Please select the correct language below. C. From the Directory role blade, modify the directory role. Stock life insurers must have $1,000,000 in capital and $2,000,000 in surplus. An agent accepts the premium payment 35 days after it is due, telling the insured that there will not be a problem keeping the policy in force. B. It may be necessary for transacting business in a specific state. It is issued to group insurance participants. An agent holds a license and sells insurance for several companies, but is not appointed with company XYZ. What is the major difference between a Stock Company and a Mutual Company? You can select each group for more details. For one, a group license applies to an owner or developer who builds homes or other housing and . 30 days, Which of the following types of policies may NOT exclude coverage for losses caused by fire or other perils resulting from acts of terrorism? You're Beautiful Guitar Cover Acoustic - James Blunt |Tabs + Chords| FREE Chord & Songwriting Guitar eBook - https://www.guitarzero2hero.comWelcome to . Performing a review of the agent's client's coverage. A. B. Which nonforfeiture option provides coverage for the longest period of time? Which of the following is TRUE? a It does not apply to contracts for the sale of goods. A, C, D are characteristics as defined by NIST; cloud computing enables pay-as-you-pricing and does not involve paying for licenses upfront. A. policy. A temporary license for up to 12 months without having to pass an examination. B. Which of the following statements regarding the temporary insurance license is not correct? For example, we might update an existing group that already contains the full Office 365 E3 product, and then add the add-on product to it. Consider the following annualized rates for 3 -month Treasury yields and 10-year Treasury yields. A group license is much different than holding multiple licenses. B. References: Actual Notice in Real Estate: Types & Examples | What is Actual Notice? For example, Bob ''The Condo King'' Perlman owns and works at Bob's Big Time Condo Sales, Inc. located in Fort Lauderdale, Florida. To see which users and groups are consuming licenses, select a product. Make sure that the group has necessary services before adding or removing a dependent service. All of the following statements are correct regarding Credit Life Insurance EXCEPT Benefits are paid to the borrower's beneficiary. Restores an insured person to the same financial state as before the loss. C. Offering additional coverage to his client. Which of the following may NOT be included in an insurance company's advertisement? You can see the users who failed to get assigned and check which products are affected by this problem. Appointed by the Governor, Which of the following statements is correct concerning Workers' Compensation? The causes of loss insured against in an insurance policy are know as. An applicant knowingly fails to communicate information that would help an underwriter make a sound decision regarding coverage. Select the box to see a list of all groups with errors. Which of the following would NOT be an eligible group for group life insurance? To learn more about other scenarios for license management through groups, see the following: More info about Internet Explorer and Microsoft Edge, "Proxy address A. All other trademarks and copyrights are the property of their respective owners. This is an example of: All of the following actions by a person could be described as risk avoidance EXCEPT (Investing in the stock market is not an example of risk avoidance; it creates the possibility of a loss.). A. Options . We can only assign this service plan to a user, or group, when one of the following prerequisites is also assigned: If we try to assign this product on its own to a group, the portal returns a notification message. You can select your choice and check it instantly to see the answer with an explanation. All costs are controllable at some level within a company. The number of policy cancellations by policyholder. But they weren't the only ones demanding action under the Gold Dome. If you need assistance, please submit your question by, Department of Business and Professional Regulation Page. Over the past several years, the owner, John Braggs, built single-family homes on each plot. a. Construct and interpret a scatterplot of a 10-year treasury yield against a 3-month yield. This usually happens when a user is a member of more than one group with same assigned license. Add-ons require a prerequisite service plan to be enabled for a user or a group before they can be assigned a license. An advantage of owning a flexible premium life insurance policy would be. D. To fund losses that cannot be insured. a. accepts all the risk from another insurer. Appointed by the State Senate and confirmed by the Governor Enrolling in a course lets you earn progress by passing quizzes and exams. Some Microsoft Online products you might own are add-ons. B. The application process requires the owner or developer to file with the DBPR. Lien Theory State vs. People who are type AB normally produce both anti-A and anti-B antibodies. What is a major problem with naming a trust as the beneficiary of a life insurance policy? At any given time, how would the yield curve facing a BB-rated company compare with the yield curve for U.S. Treasury securities? 190 lessons A market consists of anyone who believes they have a need . This person cannot be a sales associate or a broker associate. Which of the following statements is false with respect to license renewals? 475. is already being used" error message in Exchange Online. Upon application for a life insurance policy containing accelerated LTC benefits. Which if the following is TRUE regarding variable annuities? BIt is equivalent to an insurance license. B. Upfront license payments . Exchange Online (Plan 2) conflicts with Exchange Online (Plan 1). B. 1 . You must remove all licenses assigned to a group before you can delete the group. Practice Quiz for ABO blood types. * A) Coverage may be continued for up to 18 months for a qualified beneficiary and 36 months for a terminated employee. D Commingling premiums with agent's personal funds. (d) legal, provided that the sales associate is an independent contractor, not an . What is the status of her license on October 1, if she fails to meet renewal requirements? He hires his son but he is NOT license to sell lots.Father offers son a salary of $200 per week. What happens to the license status? A participating insurance policy may do which of the following? Which of the following would help prevent a universal life policy from lapsing? What privilege does the insured have in order to balance this order? B. A. What is the term for the entity that an agent represents regarding contractual agreements with third parties? The article also includes information on how to connect to Exchange Online by using remote PowerShell. Which of the following is NOT a goal of risk retention? A. It is issued to group insurance . Private insurers may be authorized to transact insurance by state insurance departments. B. With respect to concealment or fraud in conjunction with the standard fire policy, which of the following is NOT correct? Kat has taught college Management and Hospitality Management and has a Master's degree in Organizational Leadership and Management. The paid-up addition option uses the dividend To purchase a smaller amount of the same type of insurance as the original policy. B. A corporation that holds an insurance producer license may act as an insurance producer without an appointment by an insurer, Which of the following is true with regard to binders? Independent Contractors, Real Estate Agency Supervision Responsibilities, Dual Agency: Definition, Duties & Restrictions, Non-Agency Relationships & Agreements: Elements & Disclosures, Comparative Marketing Analysis in Real Estate, Arizona Real Estate Commissioner: Duties & Powers, Real Estate Broker & Affiliate Relationships in Tennessee, Indiana Real Estate Commission: Laws, Regulations & Duties, Duties & Powers of the Colorado Real Estate Commission, Working Scholars Bringing Tuition-Free College to the Community. t. e. In the United States, the rights of transgender people vary considerably by jurisdiction. A group license is much different than holding multiple licenses. What is the maximum amount of time that an application may be backdated? \hline \text { Year } & \begin{array}{c} An example is if there aren't enough licenses for all, or if there are conflicts with other services that are enabled on the user. Guitar Tabs. A. When an insurer approves a prepaid application, (In insurance, the offer is usually made by the applicant, in the form of the application. Fungi, Wet Rot or Dry Rot; Virus or Bacteria; Electrical Apparatus, Consequential losses, steam apparatus, frozen plumbing, dishonesty, pollution, and neglect are excluded, The Insurance Commissioner is: C. group credit life insurance does not build cash values. Due to the insured changing his/her occupation If a cease and desist order is violated the penalty may be up to $25,000 per violation, What is the minimum amount of notice an insurer must provide to a policyholder in advance of canceling a personal policy for nonpayment of premium? Which of the following is NOT true regarding a Certificate of Authority. An insurer or producer may not assign commissions, The Commissioner may revoke, suspend, or refuse to renew a license for all the following, except: When Azure AD attempts to assign a group license to a user whose usage location isn't supported, it fails and records an error on the user. Find out how you can intelligently organize your Flashcards. Primary vs. Azure AD attempts to assign all licenses that are specified in the group to each user. B. Which of the following statements is NOT correct concerning policy loans? The agent puts up a sign with the insurer's logo without express permission. B) The agent will guarantee the policy. Use =0.05\alpha=0.05=0.05 to test if the population correlation coefficient is significantly different from zero. On the "Group type" page, select Microsoft 365, then click Next. a. a. Use LEFT and RIGHT arrow keys to navigate between flashcards; Use UP and DOWN arrow keys to flip the card; Which Insurance principle states that if a policy allows for greater compensation than the financial loss incurred, the insured may only receive benefits for the amount loss? Under Licensed groups, you see all groups that have that products assigned. Which of the following statements is true regarding examinations by the Commissioner? For a change in risk substantially increasing the hazard, Which of the following statements is NOT correct concerning commissions? b. For example, there might be an insufficient number of licenses or a conflict between two service plans that can't be assigned at the same time. When would a 20-pay whole life policy endow? This lets you distribute the add-on to E1 and E3 users without consuming additional licenses. B. \text { 3-Month } \\ Definition. e. Unscrupulous licensees have been known to manufacture licensed products and sell them under different brand names It is a period during which payments into the annuity grow tax deferred. SECTION 3: Real Estate License Law And Commis, Chapter 1: Unit 6 - Misrepresentation & Fair, Fundamentals of Financial Management, Concise Edition, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Information Technology Project Management: Providing Measurable Organizational Value. All of the following are examples of risk retention EXCEPT (Retention is a planned assumption of risk, or acceptance of responsibility for the loss by an insured through the use of deductibles, copayments, and self-insurance.). AIt may be necessary for transacting business in a specific state. Which of the following is NOT the consideration in a policy? Last year, the couple got divorced. All books and records pertaining to an MLO's operation must be made available upon request. To create a Microsoft 365 group: 1. Name some factors that can cause a shift in the demand curve in markets for goods and services. Act to protect the best interests of authorized insurers. What you need. A situation in which a person can only lose or have no change represents. What do individuals use to transfer risk of loss to a large group? The Graphics Interchange Format (GIF; / f / GHIF or / d f / JIF, see pronunciation) is a bitmap image format that was developed by a team at the online services provider CompuServe led by American computer scientist Steve Wilhite and released on June 15, 1987. 2003-2023 Chegg Inc. All rights reserved. Food processors with contracts with farmers to grow crops such as peas and sweet corn have been forced to pay higher prices to keep their supplies secure. Add to folder Which of the following statements is true regarding a plumber who has been appointed by a court to appraise a small business? Which policy component fluctuates depending on the policy type? C. forces corn prices down. It is an equivalent of insurance license. Which of the following is an example of an agent's fiduciary responsibilities? A. Last year, she received a dividend check from the insurance company that was not taxable. Buy-sell agreements are normally funded with a life insurance policy. Let's look at an example. Term. For example, if you use both Office 365 Enterprise E1 and Office 365 Enterprise E3 for your users, you can create two groups to license Microsoft Workplace Analytics: one that uses E1 as a prerequisite and the other that uses E3. C) If issued by the company, the company would be fined up to 3 times the premium received. (All insurers (domestic, foreign, or alien) must obtain a Certificate of Authority before transacting insurance within a given state. Insurers are liable for any loss resulting from the insured's being under the influence of any narcotic if: Such narcotic is administered on the advice of a physician. Which of the following statements is true regarding the cash value in a Universal life policy? C. to German speakers, angst is equivalent to . The beneficiary will receive the greater of the money paid into the annuity or the cash value. Insurers may examine and audit an insured's records relating to this coverage for up to 3 years after a policy period expires A main duty of the real estate commission is to? $4,000 What is the requirement of state statute, in order for the Commission to action a proposal? Which statement is correct as per licensing law and regulations? After you resolve any proxy address problems for the affected users, make sure to force license processing on the group to make sure that the licenses can now be applied. The Commissioner may hold a hearing for any purpose within or out of the scope of the Code. by JayDJohnson, It is issued to group insurance participants. Temporary licenses are granted for an initial term of 6 months C. A temporary license does not allow the license to sell, solicit or negotiate new contracts In fact, the agent has no such power.). The DBPR is in charge of licensing and regulating real estate and all other businesses that require licensing. D. It may be necessary for transacting business in a specific state. Can a broker hold multiple real estate licenses? A live proctor will monitor you. (An agent represents the principle, acting on the entity's behalf in contractual agreements with third parties.). All of the following are examples of boycott, coercion, or intimidation, except: Offering a premium discount or credit that is not specified in the policy. Which of the following are part of the legal responsibility of maintaining an insurance license? I would definitely recommend Study.com to my colleagues. D. Something of value exchanged between parties. D. The agent accepts a premium payment during the grace period. Year20012002200320042005200620072008200920103-MonthYield(%)3.471.631.031.403.214.854.471.390.150.1410-YearYield(%)5.024.614.024.274.294.794.633.673.263.21. d. It involves slightly more risk to the licensee than licensor. Because Audio Conferencing is dependent on Skype for Business, for any users with Audio Conferencing assigned, group-based licensing converts the Office 365 E3/E5 licenses to direct license assignment. Answer:A. Participate in the planning and implementation of laboratory exercises and experiments; implement new or modified policies and procedures . All of the following are marketing arrangements used by insurers EXCEPT An insured committed suicide one year after his life insurance policy was issued. What type of annuity contract could your client obtain? It helped me pass my exam and the test questions are very similar to the practice quizzes on Study.com. A temporary license is only granted upon the death of an agent B. $4,500, With regard to the FAIR Plan, which of the following is false concerning agents? Which of the following statements is an accurate comparison between private and government insurers? From what type of insurer did the insured purchase the policy? Issued insufficient coverage to a customer through apparent authority When would a misrepresentation on the insurance application be considered fraud? Which of the following is an example of apparent authority of an agent appointed by an insurer? Which of the following statements is true regarding a work group? (Perils are the cause of loss insured against in an insurance policy.). There are a few rules that Bob and the managing partners of the other agencies must follow. A. a. All of the following are general requirements of a qualified plan EXCEPT. In the Microsoft 365 admin center, go to the Active groups page (underneath "Groups" in the left-hand navigation) and select Add a group.