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When was the fraternity founded? - Ans: January 5, 1911 When was the Alpha Chapter charted? - Ans: May 15, 1911 What was the ORIGINAL name for the fraternity? - Ans: Kappa Alpha Nu Who is known as the "Original Pretty Boy"? - Ans: Paul Waymond Caine. What does "Phi Nu Pi" mean? - Ans: it is never to be written nor spoken. What does "NUPE" mean? - Ans: Negroes Under Pressure, Excelling The Grand Chapter recognized the cane as an official part of Kappa Alpha Psi...

What are the four main areas of configuration in a Guidewire application? - Ans: 1. User Interface 2. Data Model 3. Application Logic 4. Integration What are some of the technologies used in InsuranceSuite applications? - Ans: Page Configuration Format (PCF) files Gosu (programming language) What are some reasons for a non-developer to understand the technology stack? - Ans: To determine what data is stored and if new requirements need additional data elements. To know how and where d...

According to the insurance law, who is the principal? - Ans: Broker An application as a resident agent must be made in how many days if an individual establishes a principal place of residence within Pa from another state? - Ans: 90 days Issued for 180 days for surviving spouse, surviving inactive officer or partner, legal representative. Can be used upon death or incompetency of producer, or when individuals are serving in the military. - Ans: a temporary license Commissioner can do al...

What are the two components of an agreement? - Ans: Offer and acceptance. Elements of a legal contract - Ans: 1. Agreement 2. Consideration 3. Competent Parties 4. Legal Purpose Property and Liability Policy - Ans: Owned by the policy owner. It is a personal contract. Who is not considered to have legal capacity? - Ans: 1. Minors 2. Insane Persons 3. Individuals Under the Influence 4. Person Coerced 5. Enemy Aliens 6. Convict Unilateral - Ans: An act in exchange for a promise or a pr...

A claim in the property/casualty industry Is defined as: - Ans: an assertion of an alleged legal right against a person, entity, company or insurer that carries with it a demand for money as compensation for injuries or damages when you purchase insurance, you are buying: - Ans: peace of mind that if an insured event does occur, that the insurance company will keep its promise and provide the financial protection that you purchased in today's society, the most important factor in the pu...

Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B. The Insured C. Jointly to ABC and XYZ D. All listed interests - Ans: D. All listed interests Remember that the insurer is not responsible to know the degrees of interest. In the event of a loss, one payment is made by the insurer and it is up to the additional interests on worki...

Florida requires that coverage for newborns begins "from the moment of birth" and continues for 12 months 6 months 18 months 31 days - Ans: 18 months In Florida, a health policy that is paid on a quarterly basis requires a grace period of 7 days 31 days 45 days 10 days - Ans: 31 days In Florida, monthly-premium health insurance policies must provide a grace period of at least 31 days 7 days 10 days 14 days - Ans: 10 days Which action could result in a hearing being ord...

What is the primary purpose of a rating service company such as A.M Best? - Ans: Determine financial strength of an insurance company What is considered to be the primary reason for buying life insurance? - Ans: Provide death benefits Which of the following is NOT considered advertising? - Ans: A rating from a rating service company, such as A.M. Best A plan in which an employer pays insurance benefits from a fund derived from the employer's current revenues is called - Ans: A self-f...

Which of the following describes a participating life insurance policy? - Ans: A participating life policy is one in which the policyowner receives dividends deriving from the company's divisible surplus What type of reinsurance contract between two insurers involves an automatic sharing of the risks assumed? - Ans: Under treaty reinsurance, each party automatically accepts specific percentages of the insurer's business. At what point must a life insurance applicant be informed of th...

For the purpose of insurance, risk is defined as - Ans: The uncertainty or chance of loss What significance did Paul vs. Virginia have on the insurance industry? - Ans: It was decided that insurance was not interstate commerce and could not be regulated by the federal government The War, Military Act, and Terrorism Exclusion will only apply to an incident of terrorism in which the total of insured damage to all types of property in the United States, its territories and possessions, Puerto...