The purpose of insur - Study guides, Class notes & Summaries

GRI - Contracts to Close (Texas) VERIFIED UPDATE What is the purpose of the secondary mortgage market? - ANSWER mortgage bankers What provides liquidity that lenders use to fund new mortgage to homebuyers? - ANSWER secondary Market the players in the real estate finance market always adhere to and specialize with LITTLE crossover? (true or false) - ANSWER false - there is a lot of crossover what is a conventional loan? - ANSWER a non-government loan what is mortgage insurance calle...

NMLS Questions and Answers Latest Updated 2022 Graded A Document Content and Description Below NMLS Questions and Answers Latest Updated 2022 Graded A Acceleration Clause Allows lenders to demand payment in full if the borrower defaults on the loan (can be construed as predatory lendin g) Alienation Clause (Due on Sale Clause) Says you must repay your mortgage if you sell your home to a new owner (loan is not assumable) Appraiser Independance Requirements replaced HVCC home valuation code of c...

Life insurance exam (2022/2023) Rated A+ life insurance insurance that pays to a named beneficiary or the deceased's estate upon the death of the insured,may b annuity or endowment, may incl benef for accident death/dismemberment, disability, protects against risk pf premature death which exposes a finNcial riskto family or business. ie:burial expenses, pay debts, loss of family inc/business profits insurance content that indemnifies another against loss, damage, liab arising from unknown even...

NMLS Questions with accurate answers, 2022/2023 updates, Graded A. Document Content and Description Below NMLS Questions with accurate answers, 2022/2023 updates, Graded A. Acceleration Clause - Allows lenders to demand payment in full if the borrower defaults on the loan (can be construed a s predatory lending) Alienation Clause (Due on Sale Clause) - Says you must repay your mortgage if you sell your home to a new owner (loan is not assumable) Appraiser Independance Requirements replaced HVC...

Acceleration Clause Allows lenders to demand payment in full if the borrower defaults on the loan (can be construed as predatory lending) Alienation Clause (Due on Sale Clause) Says you must repay your mortgage if you sell your home to a new owner (loan is not assumable) Appraiser Independance Requirements replaced HVCC home valuation code of conduct Due on Demand Clause (Considered a predatory practice) The lender can demand repayment of the loan in full at anytime for ...

Which One Of The Following Is NOT A Possible Defense Against Negligence? A. Statue Of Limitations B. Doctrine Of Reasonable Expectation C. Intervening Cause D. Comparative Negligence - ANSWERSDoctrine Of Reasonable Expectation What Is A Hazard? - ANSWERSAn Increase In The Possibility That A Loss Might Occur. The Purpose Of Insurance Is To____________ - ANSWERSTransfer Risk From A Person, Business Or Organization To An Insurance Company. The Type Of Insurance Company In Which The...

ATLS Written Exam Review COMPLETE 2022 GRADED A 1. a valid vehicle registration a valid examination permit and a valid insur- ance I.D. card: At the time of your road test, you must present 2. one: Any change of address must be reported to the MVC within week. 3. seat belt: The driver and all passengers are required by the GDL law to wear a in the vehicle. 4. unrestricted basic license: Upon completion of the GDL requirements, (one year of unsupervised driving) the holder of a Probationar...

1. While driving, Ben was struck by another driver, Rox- anne. Ben then filed a claim with Roxanne's insurer. In essence, what was Ben doing when he filed this claim? Alerting Roxanne's insurer of his intent to take the case to court Submitting a formal request to settle the damages with Roxanne's insurer Ordering Roxanne's insurer to pay for his damages within 15 days Admitting he was actually "at fault" 2. Mark incurred $8,000 damage to his car in an acci- Submitting a for- ...

1. While driving, Ben was struck by another driver, Rox- anne. Ben then filed a claim with Roxanne's insurer. In essence, what was Ben doing when he filed this claim? Alerting Roxanne's insurer of his intent to take the case to court Submitting a formal request to settle the damages with Roxanne's insurer Ordering Roxanne's insurer to pay for his damages within 15 days Admitting he was actually "at fault" 2. Mark incurred $8,000 damage to his car in an acci- Submitting a for- ...

Fundamentals of Insurance - Practice Exam Questions with 100% Correct Answers |Verified | Latest Update Insurance plays an important role in managing financial risk. The main purpose of insurance is to... - answerallow the spread of risk The definition of insurance in the Insurance Act includes all of the following important points: - answer1. Payment is made only when a certain peril has damaged the object of insurance.nnn2. Payment is limited to the actual amount of the loss, no m...