Term deductible Study guides, Class notes & Summaries

Test Bank and Solution Manuals for Introduction to Federal Income Taxation in Canada, 44th Edition () By Nathalie Johnstone CHAPTER 1 Introduction Solution 1: Identify section of the Act The following summary is discussed in more detail below: Case Topic Part Division Subdivision Provision (A) Person ..................................................... XVII — — subsection 248(1) (B) Donation by individual............................ I E a subsection 118.1(3) (C) Balance-due day......

Florida Real Estate Exam TEST Questions WITH 100% Correct Answers LATEST UPDATE 2023/2024 Binder deposit shows up as what on closing statement? - ANSWER Credit to buyer Which of the following is true about leverage? - ANSWER Leverage is the use of borrowed funds to purchase assets. Which of the following liens would take priority? - ANSWER A property tax lien In which of the following theories of mortgage lending does the borrower not retain ownership of the property during the loan ...

CSPR - Certified Specialist Payment Rep (HFMA) Questions and Answers 2023 Steps used to control costs of managed care include: Bundled codes Capitation Payer and Provider to agree on reasonable payment DRG is used to classify Inpatient admissions for the purpose of reimbursing hospitals for each case in a given category w/a negotiated fixed fee, regardless of the actual costs incurred Identify the various types of private health plan coverage HMO Conventional PPO and POS H...

A medical expense policy that establishes the amount of benefit paid based upon the prevailing charges which fall within the standard range of fees normally charged for a specific procedure by a doctor of similar training and experience in that geographic area is known as Usual, customary and reasonable What provision would prevent an insurance company from paying a reimbursement claim to someone other than the policyowner? Payment of Claims All of the following are true about gr...

An insured purchased a 10-year level term life policy that is guaranteed renewable and convertible. What happens at the end of the 10-year term? correct answer: The insured may renew the policy for another 10 years, but at a higher premium rate. Which of the following statements is TRUE concerning whole life insurance? correct answer: Lump-sum death benefits are not taxable. A corporation is the owner and beneficiary of the key person life policy. If the corporation collects the policy b...

Georgia JAM Questions and Answers Rated A+ professional licensing boards division division individual appointed by the Secretary of State as director of the professional licensing boards division within the office of the Secretary of State division director any board, bureau, commission, or other agency of the executive branch of the state government which is created for the purpose of licensing or otherwise regulating or controlling any profession, business, or trade and which is...

GA: Life Insurance Exam Questions and Answers 100% Pass When does an Endowment Life policy mature? - Correct Answer ️️ -When the Insured dies or reaches the age or date of endowment. A securities license is required to sell which of the following? - Correct Answer ️️ - Variable Universal Life Which is a community based provider of insurance benefits: - Correct Answer ️️ -PPO The Payor Benefit Rider is commonly found in policies insuring: - Correct Answer ️️ - juveniles. ...

Under the misstatement of age or gender provision, what happens if it is determined at death that the insured's age or gender was misstated on a life insurance policy application? - Benefits are adjusted to an amount that the premium would have purchased at the correct age or gender. Which of the following must be given to the insurer within 20 days after occurrence or commencement of any loss covered by the policy, or as thereafter as is reasonably possible? - Notice of claim. When will a...

Certain conditions, such as dismemberment or total and permanent blinds, will automatically qualify the insured for full disability benefits. Which disability policy provision does this describe? - presumptive disability Which provision concerns the insured's duty to provide the insurer with reasonable notice in the event of a loss? - notice of claim Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following el...

Nevada Life and Health License Exam Prep Questions with 100% Correct Answers What are the four required elements of an insurance contract? - Answer- Agreement, consideration, competent parties, and legal purpose. What two parts make up a life insurance application? - Answer- General Information and the Medical Information. An agent's report can go in a life insurance application but is not included in the life insurance policy. When must insurable interest exist in life insurance? - Answ...