A nonresident licensee Study guides, Class notes & Summaries

Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or events without evidence of insurability. This rider is called a(n) Answers>>Guaranteed insurability rider A guaranteed insurability rider allows for the insured to purchase additional insurance at specific dates or events without evidence of insurability. Disability Income plans which require that the insurer can NEVER change or alter premium rates are usually considered Answers&g...

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 ...

MN Salon Manager Test Questions and answers graded A+ 2023 LIcensing in each classifcation shall be for a period of two years. A.True B.False - correct answer False A nonresident cosmetologist may be lisenced in Minnesota if the indiviual has completed cosmetology school in a state witth the same or greater school hour requirements, has a active license in that state or country, and has passed the Minnesota specific writtern operator examination for cosmetologist. A.True B.False - corr...

Tract building - Answer- When a dev. Acquired land, records a plat map and uses a model center from which sales may be made Local level - Answer- Planning, zoning, property taxation, building and health codes and regulations, and building moratoriums that affect development play a significant role in the cost and desirability of real estate Broker associate - Answer- A licensed broker working for another broker False - Answer- A florida real estate license applicant must be a resident a...

1 FLORIDA REAL ESTATE LICENSE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ The only active general partner in a real estate partnership did not account properly for his escrowed funds. His license was suspended. All of the licenses of the sales associates in that partnership are A. Suspended B. Canceled C. Placed in involuntary inactive status D. Not affected - -C. Placed in involuntary inactive status A sales associate is selling her own property "by owner." Which statement is TR...

Casualty Producer NJ- Exam Questions with correct Answers Powers and duties of Commissioner Conduct research Make reasonable rules and regulations Issue orders and notices Issue insurance licenses and certificates of authority Impose penalties Approve insurance policy forms and rates Amount of days notice before hearing 10 Retrocession When a reinsurer transfers risks it has accepted to another insurer Producers can be Agents, brokers or both Insurance agent a licensed ...

GA REAL ESTATE LICENSE TEST REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. The Commission's authority is based upon: - -Statutory law Agency can best be described as: - -A written representation agreement between Broker and client. Charging advance brokerage fees is: - -A duty of a broker. The Commission rules and regulations may be adopted under what circumstances? - -They must fall under the "umbrella" of the license law. Which is true concerning the Commission's due process? ...

Pennsylvania Law defines business entity as - a person which is not an individual. After 1 or more licensed as producer must comply with state insurance laws may apply to department for insurance producer license as business entity application, will be same lines of authority held be individual producers. Producer is someone who sells, solicits, or negotiates insurance contract and must be licensed. The following dont have to be licensed as insurance producer: - insurer, employee of insurer n...

Utah real estate exam questions and answers graded A+ Before a licensee's license may be suspended or revoked for prohibited discriminatory practices, the licensee must:b. be afforded a hearing before the Utah Real Estate Commission b. be afforded a hearing before the Utah Real Estate Commission After being notified of passing the license exam, an applicant has how many days to pay the appropriate license fee? b. 90 days Where must a sales agent have his license displayed? c. Pro...

Wisconsin Accident and Health Insurance Exam 3 Questions and Answers 100% Pass What is the consequence for an intermediary's failure to pay his/her biennial license fee? Intermediary is incarcerated by the Insurance Commissioner. Intermediary's license is suspended for 180 days. Intermediary's license is revoked. Intermediary's commission rate is reduced. Intermediary's license is revoked. Which of these situations would NOT potentially involve a prison sentence under Federa...