Insurance broker - Study guides, Class notes & Summaries
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C130 (Study 1 - Terms) Essential Skills for the Insurance Broker and Agent Questions with Correct Answers
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insurance Correct Answer-A contract in which one party (the insurer) for monetary consideration agrees to reimburse another (the insured) for loss or liability for a loss on a defined subject caused by specified hazards or perils. 
 
risk Correct Answer-The chance of loss. Specifically, the possible loss or destruction of property or the possible incurring or a liability. Sometimes referred to as the subject of an insurance contract. 
 
speculative risk Correct Answer-chance of loss or gain; not...
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General Insurance Broker Level 2 |100 Questions| 2024 With All Correct Answers!!
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General Insurance Broker Level 2 |100 Questions| 2024 With All Correct Answers!!
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NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 Questions & Answers 2024/2025 ( A GRADED 100% VERIFIED) ALL BUNDLED HERE!!!
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NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 Questions & Answers 2024/2025 ( A GRADED 100% VERIFIED) ALL BUNDLED HERE!!!
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Exam FX Chapter 1: General Insurance questions with correct answers
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Agent/Producer CORRECT ANSWER a legal representative of an insurance company; the classification of producer usually includes agents and brokers; agents are the agents of the insurer 
 
Applicants (or proposed insured) CORRECT ANSWER a person applying for insurance 
 
Broker CORRECT ANSWER an insurance producer not appointed by an insurer and is deemed to represent the client 
 
Insurance Policy CORRECT ANSWER a contract between a policyowner (and/or insured) and an insurance company which agree...
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Insurance Broker Exam UPDATED Exam Questions and CORRECT Answers
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Insurance Broker Exam UPDATED Exam 
Questions and CORRECT Answers 
Insurance is a contract by which one seeks to protect another from (BLANK) - Correct 
ANSWER- Loss 
Which factor is NOT considered by an underwriter when determining the premium rates for an 
individual seeking insurance? - Correct ANSWER- Race 
Agent/Producer - Correct ANSWER- a legal representative of an insurance company; the 
classification of producer usually includes agents and brokers; agents are the agents of the 
in...
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FLORIDA LIFE INSURANCE/ ANNUITIES 2-14 STUDY SET EXAM WITH CORRECT ANSWERS
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FLORIDA LIFE INSURANCE/ ANNUITIES 
2-14 STUDY SET EXAM WITH CORRECT 
ANSWERS 
Which of the following individuals MUST be licensed as an agent? - CORRECT 
ANSWER-A person who places insurance on behalf of anyone seeking insurance. 
Which of the following statements regarding a nonresident insurance agent is 
CORRECT? - CORRECT ANSWER-The agent must hold a similar license in their state 
of residence 
State insurance laws specifically allow the Commissioner(or Director) to issue a 
temporary...
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PSI Exam Questions and Answers 100% Pass
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PSI Exam Questions and Answers 100% Pass what would prevent a seller from providing marketable title Mechanics lien 
the seller has required that the buyer must use his title insurance company and that brokers reduce their portion of the real estate commission, increasing the sellers net proceeds This is illegeal according to respa 
If a license mentions MLS when advertising, the advertisement must include the name of the MLS 
According to the New Jersey Real estate Licensing Laws, which of the ...
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RECA Fundamentals Exam Questions and Answers Already Passed
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RECA Fundamentals Exam Questions and Answers Already Passed 
Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) 
Which entity has the authority to amend the Real Estate Act Provincial Legislature 
Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) 
Which of the following will occur to the supply of a good when ther...
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PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2023/2024
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PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2023/2024 
A written agreement in which a purchaser agrees to buy and a seller agrees to sell is 
called ️ a contract 
Antitrust laws prohibit competing brokers from all of the following ️ 1. boycotting 
other brokers in the marketplace. 
2. dividing the market to restrict competition. 
3. agreeing to set sales commissions and management rates. 
When a sewer line is installed down a rural road, the cost will probabl...
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SC Insurance Brokers Exam Questions and Answers
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SC Insurance Brokers Exam Questions and Answers
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