- Study guides, Class notes & Summaries

Minnesota State Insurance Licensing Exam Study Guide; Updated A+ Guide What is an agent? - Answer-Someone who acts on behalf of another (producer) /.What is a principal? - Answer-Party for whom action is taken (insurance company) /.What is an agency agreement? - Answer-Legal agreement that establishes the relationship between the principal and agent; outlines powers and responsibilities of agents. /.What is Express authority? - Answer-Powers given to agent as part of agency...

©THEBRIGHT 2024/2025 ALL RIGHTS RESERVED 10:15AM A+ 1 Insurance Licensing Exam Questions And Answers |Latest 2025 | Guaranteed Pass. Utmost Good Faith - AnswerInsurance can only work when the parties to the contract are completely honest with each other. That's why insurance contracts are what kind of contracts? Family, Friends, or a primarily a personal contract - AnswerAn agent will violate the prohibition against controlled business is she sells most of her insurance polices to who...

Title Insurance Licensing Exam Questions and Correct Answers the Latest Update and Recommended Version

Title Insurance Exam Questions and Correct Answers the Latest Update and Recommended Version

Insurance Licensing Exam Insurance Licensing Exam Insurance Licensing Exam

Title insurance exam Questions with 100% Correct Answers

Title Insurance Licensing Exam Questions with 100% Correct Answers

Title Insurance Licensing Exam Questions with 100% Correct Answers

All of the following are characteristic of an ALTA loan EXCEPT: A. Exceptions B. Exclusions C. Contingencies D. Conditions - CORRECT ANSWER-C. Contingencies The policy limit noted in a title insurance policy applies to: A. Each defect B. Each claim C. Per year D. Cumulative claims - CORRECT ANSWER-D. Cumulative claims Zoning ordinances are establish by: A. Home builders B. Local Government C. Lender D. All the above - CORRECT ANSWER-B. Local government A good faith estimate must ...

Which would NOT be covered by the inside the premises- robbery or safe burglary other property coverage? correct answersAn employee caught stealing cash from the register The primary purpose of a surety bond is to correct answersMake sure obligations are fulfilled An insurance agency could purchase an errors and omission insurance policy which would provide protection in the event of any of the following events EXCEPT correct answersThe agency loses commission income from policies that wer...