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Webce Insurance test questions|Latest Update Graded A+ Agent Thompson received a letter from the Department of Insurance asking her to provide proof of completing the continuing education requirements. Within how many days must Agent Thompson respond to the Department's inquiry? 20 30 10 45 10 days Abby lives in Ohio, where she is licensed as an insurance producer. She wants to apply for a nonresident license in Pennsylvania. Which of the following conditions must she satisfy? S...

Back-end ratio Correct Answer The back-end ratio (or debt-to-income ratio) compares total debt to gross monthly income. The client's only debt is a $435 lease payment, so the $950 mortgage payment brings his total monthly debt to $1,385. He earns $50,000 per year, which equals $4,166.67 per month. The client's total current expenses divided by gross monthly income equals 52%. The client's combined current housing payment and car payment divided by gross monthly income equals 24%. Calculation...

Which document should the counselor review with the client to identify spending habits and track expenses? - Answer Bank Statement Which additional information would the housing counselor need to prepare a household budget for this client? - Answer Net income Which item in the client's budget is a fixed expense? - Answer Car lease payment What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? - Answer 50% Whic...

Webce Insurance test questions and answers with complete Solution 100% Verified Latest 2024 Webce Insurance test questions and answers with complete Solution 100% Verified Latest 2024 Agent Thompson received a letter from the Department of Insurance asking her to provide proof of completing the continuing education requirements. Within how many days must Agent Thompson respond to the Department's inquiry? 20 30 10 45 10 days Abby lives in Ohio, where she is licensed as an insura...

A strong open followed by strong close will allow trader to do what? - Answer Buy on a pullback after next open. A weak close after strong open will allow trader to do what? - Answer Sell short near following open Highs and lows occur where during the day? - Answer Most often at the open Large opening gaps imply what about the day? - Answer Greater volatility Pivot point calculation - Answer P = (H+L+C)/3 R1 = 2P-L S1 = 2P-H R2 = (P-S1)+R1 S2 = P-(R1-S1) Weaknesses of Candlest...

Hud 2024 Updated Exam Q&A A client, who is a divorced local school teacher, is interested in purchasing his first home. He wishes to stay in the same neighborhood where he now lives and to purchase a home in the low-$100,000 range. He currently leases a car for $435 a month and would like to buy a new car. The client has a lease on an apartment with his college friend. Their monthly rent on the apartment, which they split evenly, is $1,100. He has been working as a teacher for five ye...

Which document should the counselor review with the client to identify spending habits and track expenses? - ANSWER Bank Statement Which additional information would the housing counselor need to prepare a household budget for this client? - ANSWER Net income Which item in the client's budget is a fixed expense? - ANSWER Car lease payment What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? - ANSWER 50% Which is the max...

A client, who is a divorced local school teacher, is interested in purchasing his first home. He wishes to stay in the same neighborhood where he now lives and to purchase a home in the low-$100,000 range. He currently leases a car for $435 a month and would like to buy a new car. The client has a lease on an apartment with his college friend. Their monthly rent on the apartment, which they split evenly, is $1,100. He has been working as a teacher for five years and earns $50,000 a year. His div...

New York State Auto Damage and Theft Exam Questions With Answers Latest 2024/2025 (VERIFIED) When the rear of the vehicle is damaged and there is a gap between the trunk lid and the quarter panel, what else on the vehicle should the appraisercheck? The center pillar The trunk floor The quarter panels The frame rails: The frame rails 3. In auto physical damage insurance, an insured peril cause of loss is knownas: Direct loss Indirect loss Loss evaluation Consequential loss: Direct loss 4...

Reciprocal Agreement -ANSWER Two states allowing for non resident license What two brokers dont need a license -ANSWER Surplus and Excess Fine for selling ins without license? -ANSWER $10,000 Who examines foreign and alien insurers? -ANSWER Regulatory authority What is the biennial appointment fee? -ANSWER $40 What is the application fee? -ANSWER $25 What is Section 1034? -ANSWER Authorizes the attorney general to provide civil and criminal punishment to those breaking Section ...