Under Licensed users, you see a list of all users who have had licenses assigned directly or via one or more groups. The application was processed without a valid license. Which of the following correctly describes an Apprentice Adjuster's license? Licensees that are members of the armed forces have all renewal fees, dues, continuing education, and other requirements waived during military service for how long? It is an equivalent of insurance license. Braggs himself does not require any permit to sell his properties. Bob is the agency owner, and all of his real estate transactions are performed through the agency's business license. You can disable the E1 license that's directly assigned to the user. All other trademarks and copyrights are the property of their respective owners. Now, an important thing to know is that the person interested in holding multiple licenses must be a broker. Which of the following is an example of apparent authority of an agent appointed by an insurer? Upon application for a life insurance policy containing accelerated LTC benefits. The government pays subsidies to companies that produce ethanol, a fuel made from corn. 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. D is the correct answer because a suicide clause is usually inserted into a policy when issued on a mortgage loan and the misstatement of one's age makes no difference because the initial rate is . "You're Beautiful" on YouTube [a] " You're Beautiful " is a song by English singer-songwriter James Blunt. To reprocess a group, go to the group pane, open Licenses, and then select the Reprocess button on the toolbar. I hope you got the correct answer to your question. What documentation grants express authority to an agent? A temporary license may be issued to the surviving spouse of a disabled or deceased producer. Every licensed individual must have and maintain a place of business accessible to the public, excluding the licensee's residence. D. Measured services. A sales associate may not be licensed or registered under a trade name. D. Promptly forwarding premiums to the insurance company, audio not yet available for this language, {"cdnAssetsUrl":"","site_dot_caption":"Cram.com","premium_user":false,"premium_set":false,"payreferer":"clone_set","payreferer_set_title":"General Insurance Exam Simulator","payreferer_url":"\/flashcards\/copy\/general-insurance-exam-simulator-5554536","isGuest":true,"ga_id":"UA-272909-1","facebook":{"clientId":"363499237066029","version":"v12.0","language":"en_US"}}. The application given to a prospective insured. I highly recommend you use this site! Restores an insured person to the same financial state as before the loss. 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? Which of the following statements is true regarding advertising of the Iowa Life and Health Guaranty Association? A. It provides a truer picture of Nigerias size by giving due weight to the bits of the economy, such as telecoms, banking and the Nollywood film industry, that have been growing fast in recent years.. In response to the Great Recession, Federal Reserve leaders continue to keep the shortrun target interest rate near zero. Use evidence from your study of this Topic to support your answer. SPH DARWIN journals are members of the Committee on Publication Ethics . If only one party to an insurance contract has made a legally enforceable promise, what kind of contract is it? a. Construct and interpret a scatterplot of a 10-year treasury yield against a 3-month yield. You can assign more than one product license to a group. It is a period during which payments into the annuity grow tax deferred. If the agent writes a policy for XYZ, which of the following would apply? Name some factors that can cause a shift in the demand curve in markets for goods and services. Question: Which of the following is true regarding Article 2 of the Uniform Commercial Code (UCC)? policy. Find out how you can intelligently organize your Flashcards. A binder cannot exceed 60 days, After a personal policy has been in effect for 60 days, the policy may not be cancelled: $4,500, With regard to the FAIR Plan, which of the following is false concerning agents? Which of the following is not true regarding the hamstring muscle group? Which if the following is TRUE regarding variable annuities? These frequently asked SQL questions are given with the correct choice of answer among multiple options. (Insurers who meet the state's financial requirements and are approved to transact business in the state are considered authorized or admitted into the state as a legal insurer.). For one, a group license applies to an owner or developer who builds homes or other housing and . He hires his son but he is NOT license to sell lots.Father offers son a salary of $200 per week. 2. A. Kat has taught college Management and Hospitality Management and has a Master's degree in Organizational Leadership and Management. A. Which of the following is NOT an essential element of an insurance contract? (Representation are statements made by an applicant that they believe to be true.). (The binding force in any contract is consideration.). Which of the following insurers are owned by stockholders who have the usual rights of ownership, including the right of voting? Q. What is the advantage of reinstating a policy instead of applying for a new one? B. 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. C. Something that increases the chance of loss. Which of the following is NOT true regarding a Certificate of Authority. Answer: B. Multiple vs Group License. It contains a single service plan with the same name. Question: After repairing his roof, Ralph jumped to the ground instead of using a ladder. a. at least 60 Consider the following example. Replacement parts to be used that are not manufactured by the original manufacturer must clearly identified by the insurer, Which of the following is true with regard to the Home Business Endorsement HO 07 01? B. What is the purpose of a conditional receipt? A. Act to protect the best interests of authorized insurers. It is issued by the state department of insurance. Azure AD will retry processing the user license and will resolve the issue. Which of the following is true of a children's rider added to an insured's permanent life insurance policy? D. It is issued by the state department of insurance. Buy-sell agreements are normally funded with a life insurance policy. Also imagine that a few members of the group have Audio Conferencing licenses assigned directly. If an applicant for a life insurance policy and person to be insured by the policy are two different people, the underwriter would be concerned about. When transacting business in this state an insurer formed under the laws of another country is known as a/an (Alien insurer is defined as an insurer formed under the laws of another country.). More than one product license assigned to a group. 30 days of the change b. While removing license assignments from a group, there can be failures if user has a dependent license assigned or if there is a proxy address conflict issue which prohibits the license removal. B. Can a broker hold multiple real estate licenses? a. that a policy will be issued. This rider is available to all insureds with no additional premium. Is exempt from licensure under F.S. Which of the following is an example of a producer's fiduciary duty? e. The number of units in the process at the end of the period. 3. A buy-sell agreement is simply a contract that establishes what will be done with a business in the event that an owner dies. \hline 2006 & 4.85 & 4.79 \\ 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? A. Insurance is a contract by which one seeks to protect another from (Insurance will protect a person, business or entity from loss.). B. Handling insurer funds in a trust capacity. The service Microsoft Workplace Analytics requires Exchange Online (Plan 2) to be enabled as well.". What is the status of her license on October 1, if she fails to meet renewal requirements? A. In the Microsoft 365 admin center, go to the Active groups page (underneath "Groups" in the left-hand navigation) and select Add a group. (An agent represents the principle, acting on the entity's behalf in contractual agreements with third parties.). c. the policy owner can make policy changes without difficulty. B. We recommend that administrators set the correct usage location values on users before using group-based licensing to comply with local laws and regulations. Which of the following is NOT true regarding a Certificate of Authority? 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)? Choose a name for the group and, if you'd like to, enter a description. A reinsurer is a company that. B) Work groups primarily engage in collective work that requires joint effort. c. Greater than. All books and records pertaining to an MLO's operation must be made available upon request. Which of the following statements is true regarding examinations by the Commissioner? Answer: A. b) Health insurance: an insurance (CII study text on Liability insurances, 2016). A Development of standards. Which of the following statements is correct with respect to the Doctrine of Economic Benefit? To unlock this lesson you must be a Study.com Member. What is a real estate broker sales associate. Express Authority. A converted policy is not required if the insured is or could be covered by any of the following, except: The duration of the free look period for individual life insurance policies is: Which of the following is NOT among the powers and duties of the Commissioner? C. An insurable risk must involve a loss that is definite as to cause, time, place and amount. What happens to the license status? Please check below to know the answer. b. Alternatively, if the current usage location values don't represent the actual user location, you can modify them so that the licenses are correctly assigned next time (if the new location is supported). When an applicant is applying for an insurance contract, the statements he or she makes are generally not warranties, but representation. Within how many days must a licensee inform the FREC of their change of business address? Please select the correct language below. In reference to fixed annuities, what comprises most of a life insurance company's general account? Steven prints a pamphlet to advertise his life insurance business. b. For this reason, the errors can't be communicated to you immediately. Make sure that the group has necessary services before adding or removing a dependent service. Select the box to see a list of all groups with errors. For one, a group license applies to an owner or developer who builds homes or other housing and utilizes sales associates to sell the properties. There is no action required from the customer to fix this issue. You need to either purchase more licenses for the product or free up unused licenses from other users or groups. [1] In 2022, over 230 anti-transgender bills were introduced in state legislatures in a coordinated national campaign to target . Your boss has prepared some questions for you to consider. This website helped me pass! Plus, get practice tests, quizzes, and personalized coaching to help you . In fact, the agent has no such power.). Which of the following may NOT be included in an insurance company's advertisement? Real Estate Client vs. Calculate and interpret the sample correlation coefficient. The plan is funded by permanent insurance only. The duration of a temporary license may not exceed 90 days, Which of the following statements is NOT correct concerning Certificate of Authority? Only the following license exceptions may be used to export "600 series" items to destinations other than those identified in Country Group D:5 or Hong Kong (see Supplement No. Write an essay on the Essential Question: What is the proper role of the government in the economy? a. That pseudo number becomes the placeholder for sales associates and broker associates to register for the group license. You can create multiple groups for each prerequisite service plan. a. Police Power in Real Estate Significance & Examples | What is Police Power? Losses are payable within 10 days of receipt of proof of loss The agent has business cards and stationery printed. Handling insurer funds in a trust capacity. 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|} In Minnesota, land diverted to corn to feed the ethanol maw is reducing the acreage planted to a wide range of other crops, especially soybeans. It was released as the second single from the album in 2005. At the same time, those users can be members of another group that gives them the full E3 product, and they still consume only one license for that product. To minimize the insured's level of liability in the event of loss. 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. This doctrine provides that an employee will pay taxes once he/she begins receiving economic benefits of an insurance-funded plan. PowerShell: PowerShell cmdlets report this error as CountViolation. 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? To be considered as part of an organization's market, customers must be considered qualified to make a purchase. The contribution is known and the benefit is unknown. Who may work for a real estate owner developer? A) Individuals working in a work group work on different objectives and are not dependent on each other. Which of the following IS TRUE regarding the meaning of the word angst? What is a major problem with naming a trust as the beneficiary of a life insurance policy? b. assumes a portion of the risk from another insurer. Problem: There aren't enough available licenses for one of the products that's specified in the group. To be able to shift sales staff around, Braggs would have to apply for a group license for his sales staff. A real estate broker may be issued multiple licenses under certain circumstances. B. Which of the following statements is true regarding a plumber who has been appointed by a court to appraise a small business? The insured may choose to convert to term or permanent individual coverage. Losses are payable within 30 days of receipt of proof of loss, Who among the following is not exempt from continuing education requirements? It is issued to group insurance . Which of the following statements are correct? Less than. 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. C. It is issued to group insurance participants. 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. 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. Updating license assignment on a user causes the proxy address calculation to be triggered, which can change user attributes. The annuity owner dies while the annuity is still in the accumulation stage. 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? Ethical Guidelines for Academic Editors. People who have the A antigen normally would not produce the anti-A antibody. PowerShell: PowerShell cmdlets report this error as DependencyViolation. For example, consider a group that has Office 365 E3/E5 assigned with a Skype for Business service plan enabled.
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