Retroactive - Study guides, Revision notes & Summaries

If a company cancels an auto policy mid-term, the refund will be made on a : A. pro rata basis B. short rate basis C. retroactive basis D. coinsurance basis A. Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period? A. Cancellation B. Nonrenewal C. Separation D. Exclusion B. Nonrenewal Which is the best example of an indirect loss? A. Sequential loss B. Liability loss C. Employee theft D. Loss of...

24 hrs & 3 of those hours ethics - ANSWER-To renew a producer license which is been in affect more than 18 months, a producer must complete ___________ 12 hrs - ANSWER-To renew a producer license which is been in effect for 18 months or less, a producer must complete________ of CE. 30 days - ANSWER-A producer must report to the commissioner any administrative action taken against the producer in any jurisdiction, for by another governmental agency in the state within___________ of the fina...

2024 AHIP Final Exam| Latest Updated |170 Questions Solved 100% Correct/ Verified Answers 19. Shirly Thomas was enrolled in Medicaid during the Public Health Emergency (PHE). This coverage has recently been terminated due to the end of the PHE. While Shirley was enrolled in Medicaid, she missed an opportunity to enroll in Medicare and now wants Part B. Which of the following statements best describes Shirley's ability to now enroll in Medicare Part B? {Correct Ans: - Shirley is eligible fo...

GEORGIA PROPERTY & CASUALTY INSURANCE EXAM (LATEST 2024/ 2025 UPDATE) QUESTIONS AND VERIFIED ANSWERS| 100% CORRECT| GRADE A Q: Once an injured employee has received benefits provided under workers' compensation, that employee may not file a suit against her employer to gain additional benefits. This is the def. of A. Contributory negligence B. the fellow servant rule C. Assumption of risk D. Exclusive remedy Answer: D. executive remedy Q: The purpose of the basic extend...

Payroll Fundamentals Latest Exam| Questions And Answers Rated A+ Which of the following regulations is governed by both the state and the federal governments? 1 Method of payment 2 Final pay to a terminated employee 3 Exempt/nonexempt status 4 Breaks Correct Answer: 3 (Both federal and state wage and hour laws govern minimum wage, overtime and an employee's exempt status.) Which of the following amounts are included in the calculation of an employee's regular rate of pay? 1 Pay for ...

If a company cancels an auto policy mid-term, the refund will be made on a : A. pro rata basis B. short rate basis C. retroactive basis D. coinsurance basis correct answers A. Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period? A. Cancellation B. Nonrenewal C. Separation D. Exclusion correct answers B. Nonrenewal Which is the best example of an indirect loss? A. Sequential loss B. Liability loss C. Employ...

Recommended guideline a manager should use if an employee's performance differs from the expected? Address and find mutual agreement How should resources be allocated to avoid overwhelming a performer? Make them aware of what is available What should a manager do when a performer has difficulty recognizing when to act on a specific task? Take a specific direction A team member sets the holes correctly and is assigned this task routinely. What is the result of this? Rein...

CERTIFICATION EXAM Questions With Verified Answers. With regard to binders, which of the following statements is correct? A Binders are valid for 15 days after the policy is issued B A binder may be oral or written C A binder may be canceled by the insured with 2 days' notice D A Binder is not usually valid for more than 90 days - answerb ? Which of the following is NOT considered a fiduciary responsibility of an agent in Florida? A Have knowledge of state laws B Accept premiums ...

ASME B31.3 Practice Questions Latest Update with Verified Solutions The requirements of the latest edition of ASME Code Section B31.3 and any subsequent Addenda: a. must be followed explicitly as soon as the latest edition is issued. b. are retroactive and all piping installed per earlier additions must be upgraded. c. are not retroactive & all piping installed per earlier additions need not be upgraded. d. may be used without regard to the acceptability of Code revisions to the jurisdiction...

If a company cancels an auto policy mid-term, the refund will be made on a : A. pro rata basis B. short rate basis C. retroactive basis D. coinsurance basis - answer-A. Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period? A. Cancellation B. Nonrenewal C. Separation D. Exclusion - answer-B. Nonrenewal Which is the best example of an indirect loss? A. Sequential loss B. Liability loss C. Employ