A+ Grades

Medicare Advantage - -Cover all Part A and Part B benefits; -Provide plan cost-sharing actuarially equivalent to cost sharing under Medicare Parts A and B, but may be different for specific services; and -Include an annual maximum out-of-pocket (MOOP) limit on total enrollee cost sharing (deductibles, coinsurance, and copayments) for Part A and Part B services. -Cover the following services even when provided by non-network providers: emergency services: out-of-area urgently needed services...

What is the purpose of discount points? - It increases the yield to lenders How is the payoff of the seller's loan shown on the worksheet? - Debit to seller and credit to buyer What happens to items listed in B2 of the title commitment? - They appear as exceptions unless removed prior to closing Bill Buyer is purchasing Sam Seller's home and assuming the existing loan. The interest on the loan is $1200 paid in arrears. The closing is March 1, 2009. How is the interest shown on the Worksheet...

Bill Buyer and Sam Seller enter into a contract. Sam's has work done on the house but fails to pay the contractor prior to closing. Three months after closing, the contractor puts a lien on the property. Which of the following is not a true statement? - Bill can sue Sam under the warranties provided in the deed. Bill can bring an action against the title company because it deleted the mechanic's lien exception from the title policy. The contractor is too late. Bill has no remedy against Sam...

Per the contract to buy and sell, the earnest money deposit will be held by A) the listing broker always. B) the buyer's broker until after the inspection. C) a third party, if agreed to by the parties. D) the title company always. - A third party can hold earnest money if the parties agree in the contract. Typically, a title company would act as the third party and will have similar rights and obligations as the brokerage firm in cases of dispute. The employing broker records an earne...

Per the contract to buy and sell, the earnest money deposit will be held by A) the listing broker always. B) the buyer's broker until after the inspection. C) a third party, if agreed to by the parties. D) the title company always. - A third party can hold earnest money if the parties agree in the contract. Typically, a title company would act as the third party and will have similar rights and obligations as the brokerage firm in cases of dispute. The employing broker records an earne...

What is an insurance solicitor authorized to do? - Help an agent or broker sell insurance According to the California Insurance Code, what is "insurance"? - A contract What does a Hospital Confinement indemnity policy pay for? - Pay a specified daily amount while the insured is confined to a hospital According to the California Insurance Code, how is the word "may" interpreted? - Permissive Which statement is CORRECT when describing a contract of adhesion? - Contract may be accepted or r...

How long after being entitled to disability benefits will an individual be eligible to receive Medicare benefits? A. immediately B. 1 year C. 2 years D. At age 65 - 2 years What is the return of premium rider? A. an increasing amount of term insurance that always equals the total of premiums paid up to the current point B. a provision that allows the insured to cancel the policy in the first two years and have premiums refunded C. an increasing amount of term insurance that equals the ca...

The life insurance rider that pays the face amount plus the total premiums paid into the policy is known as: - Return of premium What kind of company can the Commissioner file a complaint to enjoin and restrain from continuing violations of the insurance regulations of Colorado? - Foreign or alien Does a loan on the cash value of a life insurance policy accrue interest, and if so, how is the interest handled? - Yes, the interest can be paid annually, or added to the loan. What approach calcul...

RESPA rules must be followed by A) brokers only. B) lenders only. C) title companies only. D) lenders, brokers, and title companies. - lenders, brokers, and title companies. The rule that keeps brokers in compliance with Conway-Bogue is A) Rule A. B) Rule C. C) Rule F. D) Rule E. - Rule F Sections or wording that parties agree to delete may be deleted by A) crossing it out so that the language is unreadable. B) the broker rewriting the language for the parties. C) crossin...

What method of settling a default involves a conveyance of title to the lender? - deed in lieu of foreclosure A way for the mortgagor (borrower) to avoid foreclosure. The borrower who is in default under the terms of the mortgage gives a deed to the lender - a deed in lieu of foreclosure When a promissory note is executed, it becomes - evidence of the debt The legal instrument that represents the primary evidence of a debt - promissory note A mortgage clause (in title theory states) that pro...