B. Your email address will not be published. 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. d. Louder than. c. cedes the risk. Last year, she received a dividend check from the insurance company that was not taxable. Alternatively, you might decide to remove the E1 license from the user if it's redundant in the context of the E3 license. A. (A warranty in insurance is a statement guaranteed to be true. Which statement below is NOT correct regarding a highly available system? A. What type of insurance would be used for a Return of Premium rider? must be issued in favor of people of Illinois, and must be continuous from and for amount equal to 5% of the premium brought the previous years, not to exceed? Feb. 2015. * B) Coverage may be continued for up to 36 months for both a qualified beneficiary and a terminated employee. Which of the following is a statement that is guaranteed to be true, and if untrue, may breach an insurance contract? 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. A group license is much different than holding multiple licenses. c. Greater than. B) The agent will guarantee the policy. Florida Real Estate Broker License Exam: Study Guide, Becoming a Licensed Real Estate Broker in Florida, Reporting Broker & Licensee Address Changes In Florida, Psychological Research & Experimental Design, All Teacher Certification Test Prep Courses, Real Estate Licensing & Continuing Education Requirements, Real Estate Ethics: Importance & General Concepts, Unauthorized Practice of Law: Definition & Consequences, Differences Between Real Estate Customers & Clients, Real Estate Transaction Agents: Definition & Duties, Transitioning from Florida Real Estate Sales Associate to Broker, Multiple Licenses vs. Group Licenses in Florida Real Estate, Registering & Operating a Brokerage Entity in Florida, Workplace Requirements in a Real Estate Office, Managing & Supervising a Real Estate Office, Real Estate Closing & Settlement Procedures, Florida Real Estate Rules, Regulations & Laws, Florida Real Estate Broker License Exam Flashcards, Business Ethics Syllabus Resource & Lesson Plans, Organizational Behavior Syllabus Resource & Lesson Plans, Intro to Business Syllabus Resource & Lesson Plans, Business Law Syllabus Resource & Lesson Plans, UExcel Quantitative Analysis: Study Guide & Test Prep, Financial Accounting Syllabus Resource & Lesson Plans, Technical Writing Syllabus Resource & Lesson Plans, Macroeconomics for Teachers: Professional Development, Public Speaking Syllabus Resource & Lesson Plans, Quantitative Analysis Syllabus Resource & Lesson Plans, Real Estate Agents: Employees vs. What is the status of her license on October 1, if she fails to meet renewal requirements? 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)? To be considered as part of an organization's market, customers must be considered qualified to make a purchase. Problem: One of the products that's specified in the group contains a service plan that must be enabled for another service plan, in another product, to function. Due to the insured changing his/her occupation Act to protect the best interests of authorized insurers. An application of which the medical information is completed by the applicant and the agent only. Calculate and interpret the sample correlation coefficient. In what way can an agent demonstrate a high standard of ethics? (Mutual companies are owned by policyholders, while stock companies are owner by stockholders. Certificates of Authority are renewed biennially by May 1, Which of the following statements is correct regarding cease and desist orders? A. 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. One member must be a current member of the FREC, c. One member may be a previous Commission member. During replacement of life insurance, a replacing insurer must do which of the following? If she terminates her group coverage, which of the following statements is INCORRECT? Florida Real Estate Laws | Rules & Statutes, Dishonest Behavior in Real Estate | Fraud, Puffing & Misrepresentation. Is exempt from licensure under F.S. An insurer or producer may not assign commissions, The Commissioner may revoke, suspend, or refuse to renew a license for all the following, except: Group-based licensing in Azure Active Directory (Azure AD), part of Microsoft Entra, introduces the concept of users in a licensing error state. You can select each user individually to see more details. A group license is for an owner/developer who owns properties through various entities, but all such entities are connected so that such ownership or control is by the same individual or individuals. b. A developer purchased a tract of land and subdivided the property into Individual lots. Express Authority. I hope you got the correct answer to your question. Or, you need to modify the entire group license assignment and disable the plans in the E3 license. passing laws to regulate the transfer of property. Ethical Guidelines for Academic Editors. She has asked you to give her information about what determines the level of various interest rates. a. accepts all the risk from another insurer. B. An insurer invests the money it receives from premiums paid by its insureds. A reinsurer is a company that. What happens to the license status? Maria Juarez is a professional tennis player, and your firm manages her money. The policy contains sufficient cash value to cover the cost of insurance. B. When a sales associate's employing broker changes his or her address. Equivalent units of production are equal to When an applicant is applying for an insurance contract, the statements he or she makes are generally not warranties, but representation. Which of the following duties is part of the Commissions quasi-judicial responsibilities? Abstract: Despite recent achievements in re-canalizing stroke therapies (Campbell et al., 2015; Goyal et al., 2015), which ensure reduction of deficits in a significant patient fa Transcribed image text: Question 1 (1 point) Which of the following statements is NOT correct regarding markets? B. * A) Coverage may be continued for up to 18 months for a qualified beneficiary and 36 months for a terminated employee. An information box is displayed when groups require your attention. (b) legal if the brokers have multiple licenses. Year3-MonthYield(%)10-YearYield(%)20013.475.0220021.634.6120031.034.0220041.404.2720053.214.2920064.854.7920074.474.6320081.393.6720090.153.2620100.143.21\begin{array}{|c|c|c|} Which of the following individuals must have insurable interest in the insured? A person willfully acting without an insurance license in Iowa may be fined up to: Answer: $50,000.. What does "level" refer to in level term insurance? A toxic substance produced by biological system is specially referred to as a ------. If an agent fails to promptly remit the premiums collected from the insured to the insurer, the agent may be found guilty of which of the following? The broker can also remain a sole proprietor of his agency. What is a major problem with naming a trust as the beneficiary of a life insurance policy? Updating license assignment on a user causes the proxy address calculation to be triggered, which can change user attributes. A group license is done so that an owner or developer can move sales personnel around to different developments to sell homes or condos. A. 30 days of the change b. To reduce expenses and improve cash flow. You can select each group for more details. Which of the statements is correct regarding membership on the Probable Cause Panel? b It applies to bonds, information, and other intangibles. This person presents what type of hazard? This is an example of what type of agent authority? Which of the following is TRUE regarding the interest earned on these investments? Series 6: Multiple choice questions (choose the best statement) Exercise 1. is already being used" error message in Exchange Online. 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: It provides income the beneficiary cannot outlive. A group license applies to an owner or developer who builds homes or other housing and utilizes sales associates to sell the properties. To change information on your vehicle title, you need: Certificate of title (original only, no copies) A completed title amendment form. Which of the following statements is NOT correct concerning policy loans? Appointed by the Governor, Which of the following statements is correct concerning Workers' Compensation? Some service plans are configured in a way that they can't be assigned to the same user as another, related service plan. It may be necessary for transacting business in a specific state. (The binding force in any contract is consideration.). c. Estimate and interpret a sample regression equation using the 10-year yield as the response variable and the 3 -month yield as the explanatory variable. Answer: B. D. It is issued by the state department of insurance. Try refreshing the page, or contact customer support. You need to either purchase more licenses for the product or free up unused licenses from other users or groups. If thats the case, you dont have to worry anymore. Which of the following is true? To make his group license happen, Braggs must file an affidavit with the DBPR that lists the legal company name used for the developments. The problem is immediately reported back to you. 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. A group self-insurer's termination of a member is not effective until: A At least 30 days after the termination notice has either been filed with the Board or sent by certified or registered letter and served in a similar manner upon the employer B At least 10 days after the termination notice has either been filed with the Board or sent by certified or registered letter and served in a . Protect the interests of life insurance and annuity purchasers b. Use =0.05\alpha=0.05=0.05 to test if the population correlation coefficient is significantly different from zero. C. Offering additional coverage to his client. Losses are payable within 30 days of receipt of proof of loss, Who among the following is not exempt from continuing education requirements? Consider the following annualized rates for 3 -month Treasury yields and 10-year Treasury yields. Answer: . c. that dividends will be paid. 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. Which of the following is NOT the consideration in a policy? The government pays subsidies to companies that produce ethanol, a fuel made from corn. Insurers are required to file a statement with the Superintendent What is the tax consequence of amounts received from a Traditional IRA after the money was left in the tax-deferred account by the beneficiary? The Bond. Which of the following types of policies are exempt from the state replacement regulations? Perfectly happy with his profits, Bob did not consider holding multiple licenses. Which of the following situations does not require the delivery of the Shopper's Guide? These licenses do not allow special permission to hold multiple licenses. A. TESTS FOR PROTEINS (PRINCIPLES) (Biochem L, Chapter 12 Exam - Individual Policy Provisions, Chapter 7 Exam - Federal Tax Considerations a, Chapter 6 Exam - Markets and Social Security, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Fundamentals of Financial Management, Concise Edition, 2015 Missouri State FFA Forestry Contest Gene, Civil Rights, Parties and Political Campaigns. 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? Cram has partnered with the National Tutoring Association, Risky Management: Homeland Security And Homeland Defense, Advantages And Limitations Of The Reinsurance Contract. Your boss has prepared some questions for you to consider. Draw a graph to illustrate your answer. But they weren't the only ones demanding action under the Gold Dome. Please upgrade to Cram Premium to create hundreds of folders! Is limited lines insurance It is issued to group insurance participants. Braggs, once registered with the DBPR, will file for a pseudo number, not a valid real estate license number. To solve this problem, you need to make sure that the required plan is still assigned to users through some other method or that the dependent services are disabled for those users. You can specify the location under the User > Profile > Edit section in the Azure portal. (Representation are statements made by an applicant that they believe to be true.). Which of the following is not true regarding the quadriceps muscle group? A. Return to the waiting times given for the physicians office in one of the previous exercies. Which of the following statements regarding the temporary insurance license is not correct? Which of the following may NOT be included in an insurance company's advertisement? A master policy purchased by a condominium association, With respect to failure to remit premiums, which of the following statements is false? Which of the following statements is an accurate comparison between private and government insurers? A main duty of the real estate commission is to? The number of policy cancellations by policyholder. Which authority is NOT stated in an agent's contract but is required for the agent to conduct business? A person who does not lock the doors or does not repair leaks shown an indifferent attitude. With respect to concealment or fraud in conjunction with the standard fire policy, which of the following is NOT correct? Making derogatory oral statements about another insurance financial condition. Depending on what steps you've taken to resolve the errors, it might be necessary to manually trigger the processing of a group to update the user state. B. Which of the following is NOT a goal of risk retention? All of the following are marketing arrangements used by insurers EXCEPT An insured committed suicide one year after his life insurance policy was issued. B. Please select the correct language below. View the full answer. Estate for Years: Overview & Examples | Estate for Years in Real Estate Definition, How the Statute of Frauds Applies to Real Estate Transactions. B. Which of the following is the closest term to an "authorized" insurer? Performing a review of the agent's client's coverage. (All insurers (domestic, foreign, or alien) must obtain a Certificate of Authority before transacting insurance within a given state. He wanted to have the flexibility to move sales associates and broker associates to each of his many developments. Which of the following is TRUE regarding the accumulation period of an annuity? When group-based licensing tries to assign a license to such a user, it fails and shows Proxy address is already being used. Which of the following statements is true regarding a work group? Which of the following is a correct statement about group real estate licenses in Florida? 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. When an insurer approves a prepaid application, (In insurance, the offer is usually made by the applicant, in the form of the application. Redlining, Blockbusting & Steering: Definition & Differences, General Agent vs. Universal Agent in Real Estate | Overview, Differences & Similarities, Accretion, Avulsion & Reliction: Definition & Effects. b. at least 30, How many credit hours of continuing education must an agent with a life and health or property casualty license complete every renewal period? What documentation grants express authority to an agent?
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