If the licensee pays a - Study guides, Class notes & Summaries

Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public - Correct Answer -B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Re...

A brokerage relationship is a correct answerscontractual one A brokerage relationship is between the correct answersbrokerage and the client, even if the salesperson initiated the relationship A brokerage agreement must be signed before the licensee performs any correct answerslicensed activities for the client Licensees must disclose that they work for their brokerage when they have correct answerstheir first substantive discussion with a client about a specific property Limited ser...

(DPREC) How many real estate commissioners are there and how long do they serve? - Answer-4 serving 4 year terms (DPREC) Which activity does not require a real estate license? - Answer-Property management (DPREC) What is the maximum penalty for brokering a real estate deal without a license? - Answer-up to $5,000 and a year in jail (DPREC) Which organization monitors the code of ethics? - Answer-NAR (National association of Realtors) (DPREC) Which activity does IREC NOT have au...

Mississippi License Law Ch. 1 - Questions and Answers Rated A+ In order to prevent suspension or revocation of a license, what must a broker do with earnest money received? Deposit the money into an escrow account by the close of the next banking day. If the MREC receives a complaint against a licensee, what steps, if any, will it take? The MREC may hold a hearing of its own volition upon receiving a complaint against a licensee. Why: The Commission will initiate a hearing if it rec...

Pmc exam review questions & answers 2024/2025 What effect will the long term care rider have on the death benefit of a life insurance policy If LTC benefits were paid to the insured - ANSWERSReduce the death benefit An insured and his spouse recently had a child which of the following riders would allow the couple to insure the child for a limited period of time at a specific amount - ANSWERSChildren's term rider (Lost children to be added to coverage for a limited period of time for a ...

Michigan Life And Health Final Exam Questions & Answers, 100% Rated-What amount will be paid under a policy where the insured misstated his/her age? - an amount the premium would have purchased at the correct age the acceptance of a credit life application requires the submission of a certificate of insurance to the insured within_____ days - 30 days which of these is considered to be a Living benefit option in a life insurance policy - Accelerated death benefit loans obtained by a poli...

A spouse of a member of the Armed Forces of the United States is exempt from licensure renewal requirements, but only in cases of absence from the state ____________. A. Only if he or she puts their license on inactive status B. Because of his or her spouse's duties with the Armed Forces C. They are never exempt from licensure renewal requirements D. None of the above - Answer B. Because of his or her spouse's duties with the Armed Forces Any Licensee may elect at ____________ to p...

DC LICENSING EXAM – STATE QUESTIONS WITH VERIFIED SOLUTIONS The DC commission can impose civil fines for license law violations. Each violation may garner a fine up to ______. $5,000 Joan began a court case against a DC licensee who misrepresented a property, resulting in a financial loss for Joan. At this point, does Joan need to make any notifications to the mayor? Yes, Joan must notify the mayor within 30 days of the date she began her action DC licensee Jenna presented her ...

FLORIDA 2-20 EXAM | 837 TEST BANK ACTUAL QUESTIONS AND ANSWERS 100% CORRECT | LATEST UPDATE 2024 {WELL ILLUSTRATED} 1.If someone would suffer economic loss from damage to their property, they have: A: a subrogation right B: a proximate cause C: an insurable interest D: a contingent claim C: an insurable interest 2. A convenience used to provide temporary insurance is called: A - Insurance B - binder C- property coverage D- liability coverage B - binder 3. The failure of ...

Xcel Solutions Final Exam (2024/ 2025) Questions and Verified Answers| 100% Correct| Grade A Q: Which type of plan normally includes hospice benefits Answer: Managed care plans Q: Non-occupational disability coverage is designed for Answer: Employees who suffer non work related disabilities, since work related disabilities are covered by workers compensation Q: A policy of adhesion can only be modified by whom Answer: The insurance company Q: G is an acc...