b. For example, after you resolve duplicate proxy address problem for an affected user, you need to trigger the processing of the user. 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. When ambiguities exist, courts generally rule in favor of the insured.). Estate for Years: Overview & Examples | Estate for Years in Real Estate Definition, How the Statute of Frauds Applies to Real Estate Transactions. Who might receive dividends from a mutual insurer? b. A Development of standards. To reprocess a group, go to the group pane, open Licenses, and then select the Reprocess button on the toolbar. A. B. A. When an applicant is applying for an insurance contract, the statements he or she makes are generally not warranties, but representation. B. B. The above question Which of the following is NOT true regarding a Certificate of Authority?, Was part of Insurance MCQs & Answers. Consider the following example. (A peril is the cause of loss insured against in an insurance policy.). A licensed sales associate will be locked into work at only one development if no multiple licensing exists. The insurable risk needs to be statistically predictable. \hline 2004 & 1.40 & 4.27 \\ \hline 2005 & 3.21 & 4.29 \\ 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. 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 meaning of the word angst? To minimize the insured's level of liability in the event of loss. 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 It does not apply to contracts for the sale of goods. This person cannot be a sales associate or a broker associate. \hline 2003 & 1.03 & 4.02 \\ The day's most visible group was Mothers Demand Action, members of which crowded the halls in a sea of red as they advocated lawmakers for gun control measures. (Only stock insurance companies are owned and controlled by stockholders.). Which of the following is NOT consideration on the part of an insured? This year, she did not receive a check from the insurer. At any given time, how would the yield curve facing a BB-rated company compare with the yield curve for U.S. Treasury securities? Which of the following statements is false with respect to license renewals? With respect to dependent handicapped children, which of the following is incorrect? Appointed by the Governor, Which of the following statements is correct concerning Workers' Compensation? b It applies to bonds, information, and other intangibles. A. (Co-written with and signed by fourteen other VIPS listed below) MEMORANDUM FOR: U.S. Secretary of State John Kerry, and Foreign Minister of Russia Sergey Lavrov FROM: Veteran Intelligence Professionals for Sanity (VIPS) SUBJECT: Sarin Attack at Ghouta on Aug. 21, 2013 In a Memorandum of Oct. 1, 2013, we asked each of you to make public the intelligence upon which you based your differing . C. To minimize the insured's level of liability in the event of loss. This is a method where the reinsurer indemnifies the ceding insurer for part or all of the losses it sustains related to a policy issued previously.). A spouse was granted a temporary license for her deceased husband's agency on March 1. b. The problem is immediately reported back to you. B) The law of diminishing returns does not always apply to every situation. 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. B. Get unlimited access to over 88,000 lessons. The plan must provide an offset for social security benefits. Which of the following must an insurer obtain in order to transact insurance within a given state? A binder must be made in writing Which of the following statements is true regarding the ABO blood system? B. Which authority is NOT stated in an agent's contract but is required for the agent to conduct business? 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. C. It is issued to group insurance participants. C. It is issued to group insurance participants. b. If a hearing is scheduled for a producer who has violated regulations regarding unfair trade practices, the Superintendent must send a prior notice within how many days of the hearing? If you use Exchange Online, some users in your organization might be incorrectly configured with the same proxy address value. Question: Which of the following is true regarding Article 2 of the Uniform Commercial Code (UCC)? D. Something of value exchanged between parties. 20 days of the change c. 60 days of the change d. 10 days of the change, Which of the following is NOT a purpose of the rule regarding replacement of life insurance? The insured may choose to convert to term or permanent individual coverage. B. The original intent to license the user is never lost, but it's recorded in an error state for future investigation and resolution. Ethical Guidelines for Academic Editors. Public adjusters may not qualify for a license in Property and Casualty. The service Microsoft Workplace Analytics requires Exchange Online (Plan 2) to be enabled as well.". t. e. In the United States, the rights of transgender people vary considerably by jurisdiction. The only ABO type blood that normally does not have either A or B antigens . Kat has taught college Management and Hospitality Management and has a Master's degree in Organizational Leadership and Management. For example, if you free up some licenses by removing direct license assignments from users, you need to trigger the processing of groups that previously failed to fully license all user members. Which of the following is true regarding the beneficiary designation of the former spouse. One member must be a current member of the FREC, c. One member may be a previous Commission member. With regard to licensee responsibilities, which of the following statements is NOT correct? flashcard sets. c. the policy owner can make policy changes without difficulty. a. Mutual life Insurers must have $2,000,000 in surplus. An insurance producer cannot act as an insurer's agent unless that producer becomes appointed with the insurer Making derogatory oral statements about another insurance financial condition. Serve to extend the knee c. Covered by the vastus fascia d. Located in anterior compartment of the thigh 10. A group license is much different than holding multiple licenses. Which of the statements is correct regarding membership on the Probable Cause Panel? Based on the previous example, you would assign the following products to the same group: From now on, any users added to this group consume one license of the E3 product and one license of the Workplace Analytics product. The annuity owner dies while the annuity is still in the accumulation stage. With respect to concealment or fraud in conjunction with the standard fire policy, which of the following is NOT correct? Have a great time ahead. [1] In 2022, over 230 anti-transgender bills were introduced in state legislatures in a coordinated national campaign to target . Insurance is a contract by which one seeks to protect another from (Insurance will protect a person, business or entity from loss.). (b) They may be loosely tied together in a committee. When an insurer approves a prepaid application, (In insurance, the offer is usually made by the applicant, in the form of the application. B. Which authority is NOT stated in an agent's contract but is required for the agent to conduct business? A. the word carries the same meaning in both the English and German languages. is already being used" error message in Exchange Online. It is issued to group insurance participants. C. An insurable risk must involve a loss that is definite as to cause, time, place and amount. (Paying off debt) What type of insurance would be most affordable and still provide a death benefit should one of them die? 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? A. Last year, she received a dividend check from the insurance company that was not taxable. A. 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. More than one product license assigned to a group. 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). (c) Th; Which of the following is not a true statement? With group-based licensing, the system requires that both the prerequisite and add-on service plans be present in the same group. For one, a group license applies to an owner or developer who builds homes or other housing and . This is done to ensure that any users who are added to the group can receive the fully working product. Office 365 Enterprise E3 with only the Exchange Online (Plan 2) service plan enabled. An applicant for a resident producer license who was previously licensed for the same line in this state within the past 90 days, 4. Consists of 4 separate muscles b. An agreement between a ceding insurer and assuming insurer. The annuitant assumes the risk on investment. Certified Insurance Consultant, Which of the following statements is false regarding hearings? An application of which the medical information is completed by the applicant and the agent only. Benefits are 75% when an employee becomes totally incapacitated as the result of injury, With regard to aftermarket parts regulation, which of the following statements is false? Which of the following is the basis for a claim against an insurance policy? D. It may be necessary for transacting business in a specific state. Constructive Notice in Real Estate Overview & Law | What is Constructive Notice? Azure AD doesn't automatically resolve license conflicts. All owner (s) must sign the application. It is issued to group insurance participants. 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. B. Property of others that is in the insured's care is excluded, Which of the following statements is correct with respect to acting as an agent? Which power did the Commission exercise? 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. Multiple vs Group License. The government pays subsidies to companies that produce ethanol, a fuel made from corn. Which of the following statements about network economics is not true? Courts will interpret any ambiguity in and insurance contract (Insurance policies are contracts of adhesion. The broker can also remain a sole proprietor of his agency. Under the COBRA rules for employer group health insurance, which of the following statements is CORRECT? 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? When a sales associate's employing broker changes his or her address. Physical units that were completed this period from all effort being applied to them. If you need assistance, please submit your question by, Department of Business and Professional Regulation Page. C. The application given to a prospective insured. B. These licenses do not allow special permission to hold multiple licenses. A sales associate may not be licensed or registered under a trade name. A toxic substance produced by biological system is specially referred to as a ------. The article also includes information on how to connect to Exchange Online by using remote PowerShell. 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. Introducing Cram Folders! A. Which of the following statements is correct with respect to the Doctrine of Economic Benefit? 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. A group license is: 1) Used for large real estate brokerages 2) Allows licensees to work for various properties owned and developed by the same individuals(s), although the properties are owned in the name of different interlocking or affiliated entities 3) Allows brokers to be the broker of record for more than one real estate brokerage 4) Is available when a licensee chooses not to have an . AzAnswer team is here with the right answer to your question. 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? 1 / 15. All of the following are general requirements of a qualified plan EXCEPT. B. What documentation grants express authority to an agent? He is also able to keep his sole proprietorship at Big Time Condo Sales, Inc. It is issued to group insurance . To reduce expenses and improve cash flow. The application given to a prospective insured. Losses are payable within 30 days of receipt of proof of loss, Who among the following is not exempt from continuing education requirements? \text { 3-Month } \\ D. group credit insurance must have a suicide clause and a misstatement of age clause. You can select each user individually to see more details. If a court ordered payment for a loss that was not covered in the policy even if it was clearly worded, it would be an example of which legal concept? Which of the following situations does not require the delivery of the Shopper's Guide? The right to determine the wording of a policy. Which observation is not true of the group of people who lead the development of a new product? 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. You can disable the E1 license that's directly assigned to the user. Definition. A long-term care policy must be optionally renewable. a. premiums are fixed for the first 5 years. Which of the following statements is true regarding examinations by the Commissioner? Which of the following is NOT true regarding a Certificate of Authority. However, since he has so many units and homes to sell, he will need the assistance of a few associates. Who among the following statements is correct concerning certified insurance consultants? A. A. D. Measured services. It provides income the beneficiary cannot outlive. 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 . ), A statement by the applicant that, upon discovery, would affect the underwriting decision of the insurance company. 30 days of the change b. To find all groups that contain at least one error, on the Azure Active Directory blade select Licenses, and then select Overview. A temporary license may be issued to the surviving spouse of a disabled or deceased producer We fully adhere to its Code of Cond Please check the appropriate boxes and fill in all the required information. 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. There must be a majority vote of 4 Commission members. price is ___________ the equilibrium price. A A-3, B-4, C-2, D-1. a. Study with Quizlet and memorize flashcards containing terms like Which of the following is NOT true regarding a Certificate of Authority? This option offers more flexibility. B. 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? A reinsurer is a company that. Question: After repairing his roof, Ralph jumped to the ground instead of using a ladder. It is usually de 1. A group license applies to an owner or developer who builds homes or other housing and utilizes sales associates to sell the properties. Problem: Some Microsoft services aren't available in all locations because of local laws and regulations. It contains a single service plan with the same name. (a) legal if the sales associate has a group license. A price ceiling will result in a shortage; only if the ceiling Real Estate Client vs. Which of the following is the closest term to an "authorized" insurer? Practice Quiz for ABO blood types. (Insurers use reinsurance to protect themselves from catastrophic losses. 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. It is issued by the state department of insurance. Which of the following is TRUE regarding the accumulation period of an annuity? 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. C. Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT An insurer neglects to pay a legitimate claim that is covered under the terms of the policy.
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