An unauthorized company - Study guides, Class notes & Summaries

Question 1: Is Mnandi CC Bound by the Contract Concluded by Phineas? Scenario Overview: Beauty, a member of Mnandi CC, discovers that Phineas, another member, has entered into a contract for the purchase of a yacht without the consent of the other members. Mnandi CC's main business is catering, and the association agreement specifies that only Johannes is authorized to conclude contracts on behalf of the corporation. Beauty is concerned about whether Mnandi CC is bound to this contrac...

WGU C836 Fundamentals of Information Security Exam || All Questions & Answers (100% Verified) WGU C836 Fundamentals of Information Security Exam || All Questions & Answers (100% Verified) Which cybersecurity term is defined as the potential for an attack on resource? - ANSWER - Threat Which security type deliberately exposes a system's vulnerabilities or resources to an attack? - ANSWER - Honeypots Which tool can be used to map devices on a network, along with their operating system an...

WV Life Insurance Laws and Rules Latest Update Graded A+ Examination of Records The Commissioner can examine anyone in the business of insurance in the state at anytime. A company shall be examined every 5 years. Notice and Hearing the Commissioner may call and hold hearings for any purpose deemed necessary. Insurance Commissioner the commissioner may conduct investigations or examinations whenever deemed necessary, subpoena the witnesses to testify. cease and desist order the ...

FLORIDA LIFE INSURANCE/ ANNUITIES 2-14 STUDY SET EXAM WITH CORRECT ANSWERS Which of the following individuals MUST be licensed as an agent? - CORRECT ANSWER-A person who places insurance on behalf of anyone seeking insurance. Which of the following statements regarding a nonresident insurance agent is CORRECT? - CORRECT ANSWER-The agent must hold a similar license in their state of residence State insurance laws specifically allow the Commissioner(or Director) to issue a temporary...

Which of the following statements is not correct regarding qualifications for an adjuster's license? - An attorney who adjusts losses from time to time is considered an adjuster. An unauthorized insurance company may also be referred to as a - Surplus lines insurer Which of the following statements is not correct regarding surplus lines insurance? - The surplus lines insurance must be procured at a rate that is lower than the prevailing rate for the same type of coverage A surplus lines b...

A sales clerk entering details of a customers order is an example of... Processing information In some companies some office workers Perform a wide variety of tasks, focus on a few specialized tasks, and perform only administrative support tasks Brainpower Read More 0:00 / 0:00 Maintaining calendars is an example of Managing information Proficiency with a spreadsheet program is needed by workers who perform Data processing activities The US government publi...

What is a study of real-world software security initiatives organized so companies can measure their initiatives and understand how to evolve them over time?, - CORRECT ANSWER Building Security In Maturity Model (BSIMM) What is the analysis of computer software that is performed without executing programs? - CORRECT ANSWER Static analysis Which International Organization for Standardization (ISO) standard is the benchmark for information security today? - CORRECT ANSWER ...

Which of the following individuals MUST be licensed as an agent? - A person who places insurance on behalf of anyone seeking insurance. Which of the following statements regarding a nonresident insurance agent is CORRECT? - The agent must hold a similar license in their state of residence State insurance laws specifically allow the Commissioner(or Director) to issue a temporary license to which of the following individuals? - A surviving spouse of a deceased agent A person is required t...

In a long-term care policy issued in Virginia, any provision limiting preexisting conditions may not exceed _____ months 6 months What is a universal life insurance policy? A flexible premium deposit fund and a monthly renewable term insurance policy How is an insured's accident and health claim handled by an insurer if it occurs during the policy's grace period? The unpaid premium may be subtracted from the reimbursement What must an agent do when replacing a long-term care policy with...

What is insurance? correct answer: Insurance transfers the risk of loss from an individual or business entity to an insurance company, which in turn spreads the costs of unexpected losses to many individuals. What is risk? correct answer: Risk is the uncertainty or chance of a loss occurring. What is peril? correct answer: Perils are the causes of loss insured against in an insurance policy. What are the elements of insurable risk? correct answer: Loss must be 1. due to chance 2....