Insolvency procedures - Study guides, Revision notes & Summaries

PSI CA Insurance Test Questions and Answers Passed with 100% What is the procedure regarding change of address for a licensee? - Answer ️️ -The commissioner must be notified immediately of any change in the personal, business, or email address. What is the punishment for a person who refuses to deliver books, records, or assets to the commissioner when subject to a seizure order in an insolvency proceeding? - Answer ️️ -Not more than $1000 fine and/or 1 year imprisonment An agent...

The 1933 Securities Act, or the "Paper Act," correct answers is often referred to as the "truth in securities" law. It requires prospectus and full disclosure filings for all new issues (primary market) of securities considered nonexempt, such as corporate stock and bond offerings. The 1934 Securities Exchange Act, or the "People Act," correct answers regulates the trading of securities after they have been issued (secondary market). It also created the Securities and Exchange Commissio...

PSI Insurance Exam Questions and Answers 100% Pass How can a licensee surrender any license for cancellation? -Answer-By submitting written notice or by delivering the license to the commissioner Practice Test Question: 6 All of the following are examples of misrepresentations that may not be made by an insurer, officer or agent thereof or an insurance broker or solicitor EXCEPT -Answer-the specific contract language ALL of the following are TRUE regarding the process to change the Califo...

What is the procedure regarding change of address for a licensee? - Answer-The commissioner must be notified immediately of any change in the personal, business, or email address. What is the punishment for a person who refuses to deliver books, records, or assets to the commissioner when subject to a seizure order in an insolvency proceeding? - Answer-Not more than $1000 fine and/or 1 year imprisonment An agent or representative who issues long term care insurance must NOT do the followin...

TICO's Role in the Travel Industry Module 1 Latest 2023 Graded A+ TICO is a not-for-profit corporation that regulates, and is financed by, the retail and wholesale travel community. The Travel Industry Compensation Fund (or, simply, Compensation Fund) refunds (fully or in part) eligible consumers who bought travel services from an Ontario-registered travel agency but did not receive them because of the bankruptcy or insolvency of a registrant or an airline or cruise line end supplier. 1 Busin...

Financial Services Regulation - Answer The Florida Legislature created the FDS, OIR, and OFR to oversee insurance & financial regulation in this state. Chief Financial Officer - Answer Jimmy Patronis, an elected official, the head of the DFS, may also be known as the treasurer. Directly regulates insurance agents; insurance fraud; insolvent & impaired insurers; and insurance consumer protection. Financial Services Commission - Answer Commission means the Financial Services Commission; comp...

Which of the following fees that a broker charges an agent is a violation of the Kentucky Revised Statutes? - desk fee - long distance charges - affiliation fee - coffee fee affiliation fee Most of the time (with certain law exceptions) licensed Kentucky brokers shall maintain a definite place of business in what state? - Kentucky - the state in which the broker was born in - the state where the broker spends the most time in - any state except Kentucky Kentucky A lic...

What is the procedure regarding change of address for a licensee? - ANSWER-The commissioner must be notified immediately of any change in the personal, business, or email address. What is the punishment for a person who refuses to deliver books, records, or assets to the commissioner when subject to a seizure order in an insolvency proceeding? - ANSWER-Not more than $1000 fine and/or 1 year imprisonment An agent or representative who issues long term care insurance must NOT do the followin...

- Attend a listing or offer presentation in a support role with a salesperson (i.e. taking photos or measuring rooms) - Set up listing files, complete marketing sheets, submit listings & changes to the MLS - Witness a seller or buyer signature - Schedule appts for a broker / salesperson - Draft offers based on directions of a broker / salesperson - Provide listing info to consumers (i.e. a flyer) - Prepare promo material or place "For Sale" or "Sold" sign on property - Install lockbox...

Research Journal of Finance and Accounting ISSN (Paper) ISSN (Online) Vol.6, No.16, 2015 Prudential Bank Solvency Framework and Specific Solvency Stress Test for Transition in Uzbekistan Sevara Abdullayeva Tashkent Finance Institute 60 A, Amir Temur Street, 100000, Tashkent, Uzbekistan E-mail: Abstract This paper studies the applicability of g...