Wv business law - Study guides, Class notes & Summaries

West Virginia Laws and Rules Pertinent to Insurance Questions and Answers Already Passed The West Virginia Insurance Commissioner attains office in which of the following ways? Gubernatorial appointment (Governor of WV) An offer of life insurance by an insurance company in West Virginia to individuals who are personally invited to apply on the basis of the offer is known as what type of solicitation? Direct response When a producer is soliciting a client to effect a contract of i...

WV BUSINESS LAW PRACTICE EXAM FOR CONTRACTORS 2024. 1. What type of contract requires the contractor to be responsible for both the engineering and construction of a project? a. Traditional b. Design build c. Turn key d. Concession - correct answer b. Design build 2. By what date is an employer required to provide its employees with a W-2? a. January 31 b. February 15 c. March 31 d. April 15 - correct answer a. January 31 3. When developing a project schedule, what does WBS sta...

West Virginia Real Estate Specific Exam Questions and Answers Already Passed Broker is ordering the sign for her new firm. Which is NOT a sign requirement? Letters at least 2 inches in height The Reason: Every sign shall prominently display the name of the broker, the term "Broker" and the company name, if any, all in letters not less than 1 inch in height. If the broker so desires, the names of the salespersons or associate brokers may be placed below the name of the broker. Brok...

The West Virginia Insurance Commissioner attains office in which of the following ways? - Answer-Gubernatorial appointment (Governor of WV) An offer of life insurance by an insurance company in West Virginia to individuals who are personally invited to apply on the basis of the offer is known as what type of solicitation? - Answer-Direct response When a producer is soliciting a client to effect a contract of insurance, the producer is engaged in - Answer-transacting insurance Courses ar...

All members of the West Virginia Real Estate Commission must have been residents of the state for at least the previous___________. - 6 years What are the requirements necessary for a West Virginia salesperson licensee to obtain a broker license - - Served an apprenticeship as a licensed salesperson for two years and experience the equivalent of a full-time license sales agent. - Completed the broker required education.. (90 hours) -The overall requirement is 180 hours which would hav...

Can you refuse a state board of pharmacy inspection? - No; unlike the federal CSA in which the DEA must either have an administrative warrant or get the PIC or owners consent; the state board of pharmacy may inspect pharmacies without warrants regardless of consent Can they do an inspection anytime they want? - Has to be during reasonable business hours Whom is the Board of Pharmacy made up of? - 7 Members 5 PRACTICING pharmacists 2 public members that have no relationship to pharmac...

Pharmacy Law MPJE Exam: West Virginia Law 2024 Rated A+ Can you refuse a state board of pharmacy inspection? No; unlike the federal CSA in which the DEA must either have an administrative warrant or get the PIC or owners consent; the state board of pharmacy may inspect pharmacies without warrants regardless of consent Can they do an inspection anytime they want? Whom is the Board of Pharmacy made up of? 5 PRACTICING pharmacists Has to be during reasonable business hours 7 Me...

WV Real Estate FINAL EXAMThe purpose of the West Virginia License Act is to --- limit competition in the real estate industry. protect the public in real estate transactions. regulate the limit for brokerage compensation. impose license fees to generate income. - correct answer protect the public in real estate transactions. Jim acquires a West Virginia broker license. He wants to sell real estate without opening a business so he decides to remain at his salespersons desk on the ...

Broker is ordering the sign for her new firm. Which is NOT a sign requirement? - Letters at least 2 inches in height The Reason: Every sign shall prominently display the name of the broker, the term "Broker" and the company name, if any, all in letters not less than 1 inch in height. If the broker so desires, the names of the salespersons or associate brokers may be placed below the name of the broker. Broker Bob can pay his friend a referral for helping him obtain a listing if the frien...

WV BUSINESS LAW PRACTICE EXAM FOR CONTRACTORS | 35 QUESTIONS AND ANSWERS