New york insurance exam - Study guides, Class notes & Summaries

New York State Property and Casualty Licensing Exam Questions and Answers Graded A+ Pro Rata Liability Clause is included in an insurance policy to deal with the problem of Duplicate insurance policies The purpose of this clause is to illustrate the method to determine each insurer's liability in case of a loss. Each insurer pays its fair share determined by the percentage that the carrier's limit bears to the total coverage carried. pro rata liability If a loss occurs that is covered...

NYREI School Exam Questions and Answers Latest Version Graded A+ What is the minimum licensing requirement to sell commercial real estate in New York? a real estate salesperson's license What is the preferred method of creating an agency relationship? expressed agency An amenity purchaser occupies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. real / deed A salesperson who is an independent contractor is not subject to withholding r...

Personal Finance, 6e (Madura) Chapter 1 Overview of a Financial Plan 1.1 How You Benefit from Personal Finance 1) Most Americans will never be able to understand and develop a personal financial plan. Answer: FALSE Diff: 1 Question Status: Previous edition 2) The simple objective of financial planning is to make the best use of your resources to achieve your financial goals. Answer: TRUE Diff: 2 Question Status: Previous edition 3) An understanding of personal finan...

New York Life, Accident And Health Insurance Exam Questions And Answers 2024 Updates

NEW YORK STATE PROPERTY AND CASUALTY INSURANCE EXAM 100 QUESTIONS WITH VERIFIED ANSWERS 2024 NEW YORK STATE PROPERTY AND CASUALTY INSURANCE EXAM 100 QUESTIONS WITH VERIFIED ANSWERS 2024 NEW YORK STATE PROPERTY AND CASUALTY INSURANCE EXAM 100 QUESTIONS WITH VERIFIED ANSWERS 2024

New York Life Insurance Final Exam Review Questions with 100% Correct Answers

NEW YORK LIFE, ACCIDENT AND HEALTH INSURANCE EXAM 2024 According to the Affordable Care Act, any plan in existence prior to which date is considered a grandfathered plan? - correct answer March 23, 2010 Which of these factors help determine an insured's life insurance premium? - correct answer avocation (hobby) Long-Term Care policies may provide coverage for claims arising from - correct answer senile dementia When replacing a life insurance policy, an agent must provide the appli...

New York State Insurance License Exam with 100% Correct Answers | Latest Version

New York Life, Accident and Health Insurance Exam With complete solutions latest update

NEW YORK LIFE INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS Accelerated Benefits - correct answer Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits - correct answer A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death. Accidental Death Insurance - correct answer An insurance policy that provide...