Negotiating insurance - Study guides, Class notes & Summaries

What type of reinsurance contract involves two companies automatically sharing their risk exposure? - Answer Treaty The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called - Answer reserves When third-party ownership is involved, applicants who also happen to be the stated primary beneficiary are required to have - Answer insurable interest Statements made on an insurance application that are bel...

Champions Real Estate Finance graded A+ already passed 2023Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers ...

Washington State Property and Casualty Insurance Real Exam 2025 Questions with Correct Verified Answers Graded A+ (Brand New!!) Authorized Insurer - correct answer -An insurer that has qualified and received a Certificate of Authority from the Department of Insurance to transact insurance in the state. Contact adhesion - correct answer -the accepter of the contract must "adhere" to the written contract inducement - correct answer -An action aimed at persuading insolvent - correct answer ...

Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers more than one piece of property. Wraparound Mortgage - c...

pearson vue practice exam Questions and answers, 100% Accurate, graded A+ In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the law of agency to state ONLY those terms that are a. included in the listing agreement b. based on the brokers evaluation of prevailing prices and terms c. favorable for the seller, as determined by the broker d. attractive to buyers, as determined by the broker - -a. included in the listing agreement a lot measu...

Wisconsin Motor Vehicle Salesperson Manual Test Exam 2024 Questions and Answers 2024 / 2025 (Verified Answers by Expert) Who needs a motor vehicle salesperson license? ANS -Sales managers -General managers -Sales representatives -Finance and insurance employees -Dealer if they are negotiating vehicle sales or leases, or approving any contracts 2. Requirements for a salesperson license ANS -Are 18 years old -Agree to act in good faith as a salesperson -Are familiar with motor vehicle sa...

Wisconsin Motor Vehicle Salesperson Manual Test Questions and Answers 2024 / 2025 (Verified Answers by Expert) -Sales managers -General managers -Sales representatives -Finance and insurance employees -Dealer if they are negotiating vehicle sales or leases, or approving anycontracts <ANS Who needs a motor vehicle salesperson license? 2. -Are 18 years old -Agree to act in good faith as a salesperson -Are familiar with motor vehicle sales laws, lease laws and contract laws <ANS Re-q...

Champions Powerhouse Training SAE 146 Questions with Verified Answers An area of neighborhoods or sub divisons that is serviced by your firm. - CORRECT ANSWER Geographic Farm A plan by which you develop to gain name recognition - CORRECT ANSWER Marketing Plan Becoming different in your approach through growth and development - CORRECT ANSWER differentiate All the properties in a particular price range, in the area your firm services - CORRECT ANSWER economic farm Words or cont...

Texas All Lines Adjuster License Study Guide Exam Questions & Answers 2024 Staff Adjuster - ANSWERSAdjusters who work exclusively for an insurance company Independent adjuster - ANSWERSAn individual who is employed as an independent contractor to an adjusting / staffing company and handles claims for an insurance company Public adjuster - ANSWERSAdjusters that represent the insured by negotiating claims with the insurance company. Insurer - ANSWERSAny insurance company or self-insu...

Washington State Property & Casualty Insurance Exam Latest Update Graded A+ Authorized Insurer An insurer that has qualified and received a Certificate of Authority from the Department of Insurance to transact insurance in the state. Contact adhesion the accepter of the contract must "adhere" to the written contract inducement An action aimed at persuading insolvent Bankrupt; unable to pay debts. Transacting Insurance Conducting insurance business, such as soliciting or neg...