Intermediary liability - Samenvattingen, Aantekeningen en Examens

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bus...

Abandonment - - Insurance company may choose to take damaged property and pay insured the value - Insured CANNOT surrender damaged property to insurance company Active Retention - Identify the loss/risk exposure and really consider the risk itself and all the measures around it. (ex. Should we transfer it, retain it etc.) Admitted (standard or retail) Insurance companies - Regulated by the state, They often must subscribe to rating and form regulations of that state. Agent or Broker - "In...

DECA ENTREPRENEURSHIP EXAM STUDY GUIDE, QUESTIONS WITH CORRECT R ANSWERS LATEST 2023 GRADED A+. Fledging - A business that is struggling or in the early stages Assets - Anything that creates value to an entity Liability - Anything that takes value away from an entity Outsourcing - obtain (goods or a service) from an outside or foreign supplier, especially in place of an internal source. Business Incubator - local programs designed to provide low-cost shared business facilities to small st...

What kind of retirement plan can a 75-employee for profit corporation establish? - ANSWER-Simple IRA The taxable portion of a monthly income benefit paid during the annuity phase from a nonqualified annuity is calculated using the - ANSWER-Exclusion ratio Unfair claims settlement methods and practices by an insurance company include all of the following acts EXCEPT - ANSWER-failure to pay all claims that are reported within 90 days after a loss occurs The settlement option that allows p...

Texas Promulgated Contracts-CHAMPIONS STUDY 2022-2023. The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilatera...

New York State Property and Casualty Licensing Exam Questions and Answers Graded A+ Pro Rata Liability Clause is included in an insurance policy to deal with the problem of Duplicate insurance policies The purpose of this clause is to illustrate the method to determine each insurer's liability in case of a loss. Each insurer pays its fair share determined by the percentage that the carrier's limit bears to the total coverage carried. pro rata liability If a loss occurs that is covered...

Name Clas Dat : s: e: CHAPTER 01—THE BUSINESS OF BANKING 1. A bank is a not-for-profit organization. a. b. True False False 1 BNKG.CFFT.3.LO: 1.1.1 - LO: 1.1.1 ANSWER: POINTS: LEARNING OBJECTIVES: 2. All federally chartered banks must be corporations. a. True ANSWER: POINTS: LEARNING OBJECTIVES: b. False True 1 BNKG.CFFT.3.LO: 1.1.1 - LO: 1.1.1 3. Commercial banks offer their services only to businesses. ANSWER: POINTS: LEARNING OBJECTIVES: 5. Issuing credit cards is ...

Wisconsin Property & Casualty Questions and Answers Already Passed Request for hearings must be made within _____ of an order. 30 days Hearings must be held within 10 to _____ following the request for hearing. 60 days Maximum fine per day for noncompliance with an order $5,000 Failure to obey an order (Civil Penalty) $1,000 Violation per law or regulation (Civil Penalty) $1,000 Penalty to firm for acts by its agent (Civil Penalty) $1,000 Maximum corporate fine per offence ...

AIBC 0123 Questions and Answers Rated A+ What is the primary purpose of insurance in business? The primary purpose of insurance in business is to mitigate financial risks and protect against potential losses. How does risk management play a role in business insurance? Risk management involves identifying, assessing, and prioritizing risks to minimize their impact on the business. What is the difference between liability insurance and property insurance? Liability insurance prote...

insurance Correct Answer-A contract in which one party (the insurer) for monetary consideration agrees to reimburse another (the insured) for loss or liability for a loss on a defined subject caused by specified hazards or perils. risk Correct Answer-The chance of loss. Specifically, the possible loss or destruction of property or the possible incurring or a liability. Sometimes referred to as the subject of an insurance contract. speculative risk Correct Answer-chance of loss or gain; not...