Legal reserve Study guides, Class notes & Summaries

ETS MFT BUSINESS EXAM The principal difference between variable costing and absorption costing centers on: a) whether variable manufacturing costs should be included as product costs b) whether fixed manufacturing costs should be included as product costs c) whether fixed manufacturing costs and fixed selling and administrative costs should be included as product costs d) none of these. General Bikes is debating which marketing research options to employ. The traditional p...

CQIB Test Bank 2023 Questions and Answers with complete solution Which regulator makes and enforces rules which govern the capital adequacy of Australian Banks? The Australian Prudential Regulation Authority - APRA What events occurred in the Banking Industry in 1800s and early 1900s? First Bank in Australia was Bank of NSW, Established in 1817 Sydney. Discovery of gold in 1851 led to minting of Australia's own gold coins spurring development of Banking. Boom in Australian property mark...

A funeral prearrangement life insurance agent must be supervised - Answer- By a legal reserve life insurance agent whose company holds a seller's permit. The maximum initial guaranteed death benefit that a funeral prearrangement life insurance agent may sell is - Answer- $15,000 A funeral prearrangement life insurance agent license expires when the agent - Answer- Fails to submit a biannual renewal application and fee When an application for an insurance agent license is denied, except...

Timeshare License Exam 150+ QUESTIONS AND CORRECT ANSWERS 2023 LATEST UPDATE. 1. How long is a TSA license valid for?: 2 years 2. If a timeshare AGENT initially becomes licensed on June 6, 2000, when will the license expire?: June 30, 2002 (end of the month - 2 years later) 3. If a timeshare REPRESENTATIVE initially becomes licensed on June 6, 2009, when will the license expire?: June 30, 2010 (end of the month - 1 year later) 4. An applicant for an original timeshare license MUST prov...

CMCA Practice Exam Questions And Answers 2023, Complete Solution A Quorum requirements conflicts are resolved by: a. state statute b. the board of directors c. a vote of those present at a meeting d. appointment of a person as a proxy D Fidelity insurance provides coverage to ensure that the: a. board will meet its fiduciary obligations. b. manager will faithfully follow all document provisions. c. association will be covered for shortfalls in the reserve accounts. d. association w...

Mutually owned co-operative financial institutions offering benefits to members through a trust-like structure" describes which type of Insurer/Fund Manager? - Answer- Friendly Society Which is the decision-making process of framing? - Answer- To remove the 'noise' from an issue to allow us to see the problem for what it is Under the RG271 what is the maximum timeframes for IDR response for a Superannuation trustee complaints? - Answer- 45 days after receiving the complaint In the se...

ADJUSTER PRO - INSURANCE ADJUSTER TEST(QUESTIONS AND REVIEWED ANSWERS) 2023-2024 What is insurance? - CORRECT ANSWER-protection against financial loss what is a premium - CORRECT ANSWER-a scheduled amount to be paid for an insurance policy. What are premiums used for - CORRECT ANSWER-premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? - CORRECT ANSWER-the insurer collect...

MAC3703 Assignment 1 Semester 1 2023 Answers, guidelines, workings and references ...................................................................... 1. Which strategy is used when a third party is asked to intervene to impose a solution when managing stakeholder expectations in a project environment? A. Arbitration B. Negotiation C. Partnering D. Mediation (2 marks) 2. Bantu Creations runs a chain of bars and night clubs within the Northern Cape. It is considering extending its operati...

People that work in funeral service in Texas must hold what type of license to sell funeral or burial insurance? - Answer- "Limited" Funeral Prearrangement Life License or "Full" Texas Legal Reserve Life Agent license For the purpose of this training course, the following terms will be used interchangeably to refer to the same process: prepaid, prearrangement and - Answer- preneed Insurance products which may be used to fund funeral prearrangement contracts must be approved by the - An...

mortgage Broker - Answer- Functions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors Mortgage Banker - Answer- Provide their own funds for the purpose of providing mortgage financing Correspondent Lender - Answer- Smaller in scale then mortgage bankers or brokers, these lenders typically extended loans with their own funds at their own risk Origination - Answer- The process of creating a new mortgage loan U...