Proof of insolvency - Study guides, Study notes & Summaries

MRL3701 PORTFOLIO MEMO - OCT./NOV. 2023 - SEMESTER 2 - UNISA - DUE 26 OCTOBER 2023 - DETAILED ANSWERS WITH FOOTNOTES & BIBLIOGRAPHY- DISTINCTION GUARANTEED! Question 1 CONFIDENTIAL 8 of 11 1.1 Explain when a formal defect in an application for the sequestration of an insolvent estate will be considered as fatal. (5) 1.2 Explain why the court in Ex Parte Arntzen (Nedbank Ltd as Intervening Creditor) 2013 (1) SA 49 (KZP) held that creditors are more vulnerable in voluntary surrender appli...

Chapter Exam: Louisiana Laws and Rules Questions and Answers Already Passed charles is a producer who is licensed in louisiana but resides in mississippi. Charles is considered to be a(n) Nonresident producer Karen the producer pays for her client's initial premium payment as an incentive for purchase. this act is considered a(n) Rebate an indemnity plan limitation that will pay the dental bills after a small amount is paid by the insured is called Coinsurance according to Louisiana law, gr...

Ohio laws and rules exam latest update graded A+ Open enrollment for Medicare Supplement coverage starts 3 months before your 65th birthday A viatical settlement broker may NOT make any transactions before being approved for a license A non-admitted insurer is not afforded protection by the guaranty fund An agent's renewal date for his/her license is on or before the last day of the licensee's birth month If an insurer refuses to pay a claim, how many days must the insured...

19- MICHIGAN LAWS AND RULES PERTINENT TO INSURANCE EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS Departments of Insurance & Financial Services Department of Insurance and Financial Services is a principal department in the Michigan executive branch with responsibility for insurance and financial institutions. headed up by a commissioner appointed to a four year term has the power to revoke a producer's insurance license Cease & Desist Order The Commissioner may issue a cease-and-des...

What insurance provides coverage that indemnifies the insured against loss arising from the lack of integrity or fidelity of persons holding positions of trust, from the insolvency of debtors, or from breaches of contract? A Property insurance B Liability insurance C There is not insurance for this kind of coverage D Surety insurance correct answers D Surety insurance Surety insurance is coverage that indemnifies the insured against loss arising from the lack of integrity or fidelit...

If an insurer refuses to pay a claim, how many days must the insured wait to take legal action against a health insurer after submitting written proof of loss? - ️️60 A viatical settlement broker may NOT - ️️make any transactions before being approved for a license A non-admitted insurer - ️️is not afforded protection by the guaranty fund An agent's renewal date for his/her license is on or before - ️️the last day of the licensee's birth month Jim recently sold his w...

New Jersey Life Insurance Exam Questions and Answers Graded A+ adhesion (take it or leave it) no changing the contract. take it as is. aleatory contract (uneven) You will never pay as much in premium as what you get in coverage peril died of a certain way Hazard cause of loss Variable Universal Life requires FINRA license the difference between insure vs. insured Insure (must pay policy benefit "the company") insured (the customer) S & P 500 Equity index annuity would h...

Primerica: Guaranty Exam questions and answers 100% guaranteed success. Which of the following is NOT a personal use of life insurance? A. An individual buys insurance to help the family pay off the mortgage in case of premature death B. An individual buys insurance to fund a buy-sell agreement C. An individual buys insurance to provide future income to a surviving spouse D. An individual buys cash value insurance to fund his children's college education - correct...

Producer - Independent Insurance Agents also known as insurance sales agents that typically sell a variety of Insurance and financial products. resident producer - An agent who holds an insurance license in the state in which they live non-resident producer - Agents who hold an insurance license in a different state than the one they live Broker - agents that work on behalf of life insurance companies to help potential customers navigate the process of buying life insurance. Reinstat...

OCT/NOV 2020 FIN2602 Personal Financial Management 70 Marks Duration 2 Hours First examiner: Nico Swart Second examiner: Me L Ngcobo This paper consists of 21 pages including one rough work sheet plus instructions for the completion of a mark reading sheet. Instructions: Use of a non-programmable pocket calculator is permissible. This examination question paper remains the property of Unisa. We remind you about your Honesty Declaration. Remember to submit your examinatio...