Licensed commissioners - Study guides, Class notes & Summaries

Oklahoma Insurance Exam (State Regulations) Questions and Answers Rated A+ Actuary a mathematician employed by the insurer who develops the rates for the insurer. Underwriter (Home Office Underwriter) and employee of the insurer What three things do Underwriters do? Gathers information analyses exposures (determines risk) selects risk for the insurer underwriting the process of selecting risks Producer (agent) (field underwriter) (agent underwriter) a person licensed to soli...

NWM General Wisconsin Insurance Laws Questions and Answers 100% Pass What is coersion? A forceful act or threat aimed to influence a person to act against their will What is exempt? Not subject to an obligation What is an inducement? an offer that attmepts to influence the other party What is insolvent? Unable to meet financial obligations What is Lapse? A policy termination due to nonpayment of premium What is the NAIC? National Association of Insurance Commissioners Wh...

COLORADO CONTRACTS AND REGULATIONS EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ Colorado Revised Statutes - -Colorado laws The license law exists to protect the public by setting a standard for competency and integrity. A real estate broker - -on behalf of another person, for any form of compensation, negotiates in real estate or any interest therein. An option - -a speculative, unilateral contract in which the optionee offers money now for the future right to buy a certain property. ...

Oklahoma Real Estate Test Questions with Complete Solutions In general, when the supply of a certain commodity increases Prices tend to drop The cyclic changes in the national economy & the law of supply and demand The real estate market is subject to The typical real estate licensee must have specialized knowledge of a variety of subjects which include of the following Financing,Contracts & Valuation The regulatory body established by the legislature and empowered to carry out ...

(DPREC) How many real estate commissioners are there and how long do they serve? - Answer-4 serving 4 year terms (DPREC) Which activity does not require a real estate license? - Answer-Property management (DPREC) What is the maximum penalty for brokering a real estate deal without a license? - Answer-up to $5,000 and a year in jail (DPREC) Which organization monitors the code of ethics? - Answer-NAR (National association of Realtors) (DPREC) Which activity does IREC NOT have au...

Laws and Rules Pertinent to Insurance Questions and Answers Already Passed A form of medical health insurance covering the treatment and care of gum disease is called: Medicaid Major Medical Franchise health policy Dental expense insurance Dental expense insurance In South Carolina, what is the MAXIMUM length of time an insurer can defer payment of a cash surrender value of an annuity? 6 months 12 months 18 months 24 months 6 months When can a policy no longer be cancelled...

Commissioner is: - correct answer registered cemetery owner and operator Commissioners are: - correct answer licensed funeral director and embalmers who have been practicing for a minimum of 5 years. 4 commissioners are: - correct answer members of the public with no ties to the industry regulated. A dead human body can be transported without the presence of a licensed Funeral Director if: - correct answer there is no reasonable probablility of contact with a family member. A...

Oklahoma Real Estate Exam Questions and Answers Rated A+ How does the code Define Real Estate? Shall Include any interest or estate in real property. Does NOT include the interest of oil, gas or other mineral interest Real Estate Broker Shall include any person , Partnership, association, or cooperation, who for a fee lists, sells, offers to sell, buys, or attempts to buy, exchanges, rents, leases, or attempts to negotiate any such activity Broker Associate Shall include any perso...

Texas Funeral Law Exam Questions and Answers Graded A+ 2023 update Commissioner is: - ANSWER-registered cemetery owner and operator Commissioners are: - ANSWER-licensed funeral director and embalmers who have been practicing for a minimum of 5 years. 4 commissioners are: - ANSWER-members of the public with no ties to the industry regulated. A dead human body can be transported without the presence of a licensed Funeral Director if: - ANSWER-there is no reasonable probablility of contact ...

MN Life and Health Insurance Exam Questions and Answers Rated A+ The commissioner examines each insurer every ___ Years. 5 years $____ fine per day if a person violates, aids, or abets a written cease and desist order $10,000 License fee may request a hearing within ____ days of commissioners order. After hearing request, Commissioner has ____ days to hold the hearing. 30 Days, 30 days All accident and health insurance policies must be filed with the commissioner at least ____ days...