And fiduciary Study guides, Class notes & Summaries

Under the DOL regulation, many advisors to retirement plans and their participants will be - ANSWER-3(21) fiduciaries. They will act alongside other fiduciary service providers who are also not necessarily named in the plan document but who exercise discretionary control over plan provisions or plan investments. The advisor should educate the - ANSWER-plan sponsor about hiring fiduciary service providers, including the different roles service providers, including the different roles service p...

CA Life Insurance Exam Questions and Answers 100% Pass What is meant by referring to an insurance policy as a unilateral contract? Only one party makes a legally enforceable promise. When must insurance records of insurance agents and brokers be made available to the Insurance Commissioner? At all times. Any situation that presents the possibility of a loss is known as a loss exposure Which of the following information is not required to be communicated in a Life insurance contract? Personal ...

AAMS Practice Exam - Questions and Answers An employer plans to use corporate-owned life insurance to informally fund a nonqualified deferred compensation agreement and wants flexibility regarding investment choices. Which one of the following types of life insurance should this employer choose? Variable life insurance The latest economic reports have been gloomy, and the stock market is in a protracted slump. Most of your regular stock customers are selling out their positions. A new client, ...

LML4806 PORTFOLIO MEMO - MAY/JUNE 2024 - SEMESTER 1 - UNISA - DUE DATE :- 17 MAY 2024 (DETAILED ANSWERS WITH FOOTNOTES AND BIBLIOGRAPHY - DISTINCTION GUARANTEED!) QUESTION 1 [20] 1.1 According to Milton Friedman, “there is one and only one social responsibility of business – to use its resources and engage in activities designed to increase its profits…” With reference to the principle of corporate social responsibility, discuss the meaning of corporate social responsibility and...

Complete Solutions Manual for Government and Not-for-Profit Accounting: Concepts and Practices, 9th Edition 9e by Michael H. Granof, Saleha B. Khumawala, Thad D. Calabrese. ISBN-13: 3898 1 The Government and Not- for- Profit Environment 1 How Do Governments and Not- For- Profits Compare With Businesses? 2 In Practice: Why Is State And Local Government Accounting Important? 6 What Other Characteristics of Governments and Not- For- Profits Have Accounting Implications? 9 How Do Gove...

A seller's agent or sub-agent must initially disclose her agent status to a prospective buyer when? - Before buyer and agent discuss motivation or financial information. What fiduciary duties are owed to principals? - Obey, Loyalty, Disclosure, Confidentiality, Accounting, & Reasonable care (OLD CAR) As a dual agent, my fiduciary responsibilities are reduced to the buyer and seller under what agency? - Dual Agency - agent cannot advise or council Material facts which must be disclosed - ...

Article 12-A of the NYS Real Property Law - Answer- - The section of the New York Real Property Law pertaining to real estate salespersons and brokers. - Primary purpose is to "Protect the Public" - Requires a salesperson to be at least 18 years of age - Requires a broker to be at least 20 years of age Sponsor - Answer- - A licensed real estate broker that holds the license of a salesperson. "Summary of Your Submission" - Answer- - Obtained after you register for the New York State...

Under the DOL regulation, many advisors to retirement plans and their participants will be - Answer- 3(21) fiduciaries. They will act alongside other fiduciary service providers who are also not necessarily named in the plan document but who exercise discretionary control over plan provisions or plan investments. The advisor should educate the - Answer- plan sponsor about hiring fiduciary service providers, including the different roles service providers, including the different roles service...

Fiduciary Standard - correct answer-A legal standard that holds a licensee to the highest ethical standards that the law provides. Compensation Disclosure - correct answer-Institute professionals required to "disclose services to be offered and provided, related charges, and compensation." This principle is intended to define an Institute professional's communication responsibilities relating to the scope and cost of services offered and compensation received therefor. Principle 2 requir...

Connecticut Casualty Adjuster for All Lines Questions and Answers Already Passed Which of the following professional liability policies would also cover bodily injury damages? Architects and Engineers E&O Insurance agents E&O Lawyers E&O Fiduciary Legal Liability Architects and Engineers E&O A person, firm, or corporation that, for compensation, acts on behalf of an insured in negotiating the settlement of certain claims for loss or damage to property is known as a/an: independent adjuster spe...