Guaranty corporation Study guides, Class notes & Summaries

Federal National Mortgage Association (FNMA) known as, Fannie Mae - ANSWERSbegan in 1938 as an agency of the federal government In 1968, Fannie Mae became a privately owned and managed corporation Fannie Mae operates exclusively in the secondary market and provides support to mortgage lending institutions in the primary market. Freddie Mac is a federally chartered corporation established as the Federal Home Loan Mortgage Corporation (FHLMC) - ANSWERSin 1970 for the purpose of purchasing mortg...

Maryland Life and Health Insurance Licensing Exam Questions and answers with 100% Complete solutions | verified &updated 2024 | Graded A+ After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms? - File written proof of loss Which of these factors help determine an insured's life insurance premium? - Avocation (hobby) The Life and Health Guaranty Corporation provides funds to carry out its powers and duties by assessing - Member insurers Lifetime prot...

Maryland Statutes, Rules, and Regulations - Life and Health Insurance Questions and Answers 100% Pass CommissionerN -Appointed by governor for 4 year term -issues licenses, revokes, cease and desist, conducts hearings Commissioner - examinations -must examine each domestic insurer once every 5 years -records, documents, transactions pertaining to the insurer. Commissioner - Hearings -Must hold a hearing if required by state law or upon written request demanded by a person aggrieved by any act ...

Champions Real Estate Finance QuestionsFederal National Mortgage Association (FNMA) known as, Fannie Mae - ANSWERSbegan in 1938 as an agency of the federal government In 1968, Fannie Mae became a privately owned and managed corporation Fannie Mae operates exclusively in the secondary market and provides support to mortgage lending institutions in the primary market. Freddie Mac is a federally chartered corporation established as the Federal Home Loan Mortgage Corporation (FHLMC) - ANSWERSin 1...

Passing mark for exam (%) 70% Time required to retake exam, if failed Minimum 30 days following the first failure. After each subsequent failure, wait 60 days. How long are exam scores valid for? 2 years Actual loss - The cost to correct or complete a home improvement that is inadequate or incomplete. - Homeowners may recover up to $20,000 per contract, not to exceed the amount paid to the contractor. The Guaranty Fund Protects homeowners who hire licensed home...

Maine Insurance – Exam Frequently Missed Questions and answers with 100% Complete solutions | verified &updated 2024 How much time does a person who was a party to a hearing have to appeal the order by the Superintendent? - 30 days As a prerequisite to maintaining a license, licensees must complete a continuing education requirement every: - 2 years If Jerry's insurance producer's license expires, how much time does he have to be reinstated without retaking the Maine insurance licensing e...

A producer has indicated to a potential client that the proposed life insurance is covered by the Connecticut Life and Health Insurance Guaranty Association. This action taken by the producer is - "Prohibited by law". Pointing out to a prospective client that the life insurance policy you are presenting is covered by the Connecticut Life and Health Guaranty Association is prohibited by law. Which of the following does NOT involve a life settlement transaction? - Converting term life cover...

Freddie Mac is a federally chartered corporation established as the Federal Home Loan Mortgage Corporation (FHLMC) - ANSWER-in 1970 for the purpose of purchasing mortgages in the secondary market. Freddie Mac is a stockholder-owned corporation chartered by Congress to increase the supply of funds that mortgage lenders, such as commercial banks, mortgage bankers, savings institutions and credit unions can make available to homeowners and multi-family investors. Most of its listed stock is owned b...

Connecticut Life and Health Insurance Exam Verified Answers A producer has indicated to a potential client that the proposed life insurance is covered by the Connecticut Life and Health Insurance Guaranty Association. This action taken by the producer is ️"Prohibited by law". Pointing out to a prospective client that the life insurance policy you are presenting is covered by the Connecticut Life and Health Guaranty Association is prohibited by law. Which of the following does NOT ...

Maryland Life and Health Insurance Licensing Exam 2024 After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms? - correct answer File written proof of loss Which of these factors help determine an insured's life insurance premium? - correct answer Avocation (hobby) The Life and Health Guaranty Corporation provides funds to carry out its powers and duties by assessing - correct answer Member insurers Lifetime protection - correct answer A l...