When would a misrepresentation on the insurance application be considered fraud? A long-term care policy must be optionally renewable. Private insurers may be authorized to transact insurance by state insurance departments. B. In a single employer group plan, what is the name of the policy issued to the employer? Please sign in to share these flashcards. Series 6: Multiple choice questions (choose the best statement) Exercise 1. Real Estate Client vs. If a court ordered payment for a loss that was not covered in the policy even if it was clearly worded, it would be an example of which legal concept? (The principal grants authority to an agent through the agent's contract.). What is the major difference between a Stock Company and a Mutual Company? b) Health insurance: an insurance (CII study text on Liability insurances, 2016). If the agent writes a policy for XYZ, which of the following would apply? c . A toxic substance produced by biological system is specially referred to as a ------. Find out how you can intelligently organize your Flashcards. You can assign more than one product license to a group. You can assign more than one product license to a group. Ethical Guidelines for Academic Editors. Are you looking for the correct answer to the question Which of the following is NOT true regarding a Certificate of Authority?? Which of the following is NOT a characteristic of an insurable risk? The broker must hold a separate license for each separate agency. b) toxin. Have a great time ahead. Problem: One of the products that's specified in the group contains a service plan that must be enabled for another service plan, in another product, to function. Which statement below is NOT correct regarding a highly available system? Please check the appropriate boxes and fill in all the required information. Which of the following is a feature of a variable annuity? An example is if there aren't enough licenses for all, or if there are conflicts with other services that are enabled on the user. A real estate broker may be issued multiple licenses under certain circumstances. The Commissioner may revoke or suspend a license without an opportunity for a hearing Sales associates and broker associates register their licenses under that number and then can begin working for the developer. Draw a graph to illustrate your answer. A. Office 365 Enterprise E3 with only the Exchange Online (Plan 2) service plan enabled. When Azure AD assigns group licenses, any users without a specified usage location inherit the location of the directory. Steven prints a pamphlet to advertise his life insurance business. a It does not apply to contracts for the sale of goods. Which of the following is true? When the group is deleted, group-based licensing will try to remove Office 365 E3/E5 from all users. Redlining, Blockbusting & Steering: Definition & Differences, General Agent vs. Universal Agent in Real Estate | Overview, Differences & Similarities, Accretion, Avulsion & Reliction: Definition & Effects. To reduce expenses and improve cash flow. b. the insurer can make policy charges without difficulty. A. B. The commission are not permitted to impose imprisonment as a penalty, but can refer a case to a criminal court, where the outcome can be imprisonment. \hline 2009 & 0.15 & 3.26 \\ Return to the waiting times given for the physicians office in one of the previous exercies. It may be necessary for transacting business in a specific state. D. To reduce expenses and improve cash flow. The paid-up addition option uses the dividend To purchase a smaller amount of the same type of insurance as the original policy. We'll bring you back here when you are done. Use =0.05\alpha=0.05=0.05 to test if the population correlation coefficient is significantly different from zero. The premium amount paid at the time of application. Which of the following statements is NOT correct concerning policy loans? Losses are payable within 30 days of receipt of proof of loss, Who among the following is not exempt from continuing education requirements? Coverage ends and the policy cannot be reinstated. A binder cannot exceed 60 days, After a personal policy has been in effect for 60 days, the policy may not be cancelled: Which of the following statements is true regarding a work group? All other trademarks and copyrights are the property of their respective owners. C. group credit life insurance does not build cash values. This insurance provides financial protection against physical damage and bodily injury resulting from traffic collisions. In insurance policies, contract ambiguities are automatically ruled in the favor of the insured. In a life settlement contract, who does the life settlement broker represent? d. It involves slightly more risk to the licensee than licensor. C. D. Promptly forwarding premiums to the insurance company. A. 20 days of the change c. 60 days of the change d. 10 days of the change, Which of the following is NOT a purpose of the rule regarding replacement of life insurance? C. It is equivalent to an insurance license. Easement Appurtenant Features & Examples | What is an Easement in Real Estate? (Insurers who meet the state's financial requirements and are approved to transact business in the state are considered authorized or admitted into the state as a legal insurer.). b It applies to bonds, information, and other intangibles. a. at least 60 They earn lower interest rates than fixed annuities. This is done to ensure that any users who are added to the group can receive the fully working product. A temporary license may be issued to the surviving spouse of a disabled or deceased producer. Bob must be sworn in as a: And this must be done for every real estate agency where Bob hangs his license. (A peril is the cause of loss insured against in an insurance policy.). Which of the following statements is false with respect to notices of information practices? Insurance companies may be classified according to the legal form of their ownership. To see if there is a duplicate proxy address, execute the following PowerShell cmdlet against Exchange Online: For more information about this problem, see "Proxy address An applicant for a producer license must provide evidence of legal liability coverage for an amount of least: Which of the following statements is false with respect to requirements for rates? To solve this problem, remove users from unsupported locations from the licensed group. Principal-Agent Relationship Roles & List | What is a Principal in Real Estate? group coverage IS NOT . A. C. It is issued to group insurance participants. a. Participate in the planning and implementation of laboratory exercises and experiments; implement new or modified policies and procedures . "You're Beautiful" on YouTube [a] " You're Beautiful " is a song by English singer-songwriter James Blunt. The right to determine the wording of a policy. To be able to shift sales staff around, Braggs would have to apply for a group license for his sales staff. Year20012002200320042005200620072008200920103-MonthYield(%)3.471.631.031.403.214.854.471.390.150.1410-YearYield(%)5.024.614.024.274.294.794.633.673.263.21. Also imagine that a few members of the group have Audio Conferencing licenses assigned directly. The user has been added to a group that has the Office 365 Enterprise E3 product assigned to it. A master policy purchased by a chain of clothing stores a. A limited lines producer is authorized to sell all of the following, except: Which of the following statements is false? B. Which of the following correctly describes an Apprentice Adjuster's license? Which of the following would NOT be an eligible group for group life insurance? A. SECTION 3: Real Estate License Law And Commis, Chapter 1: Unit 6 - Misrepresentation & Fair, Fundamentals of Financial Management, Concise Edition, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Information Technology Project Management: Providing Measurable Organizational Value. A. The service Microsoft Workplace Analytics requires Exchange Online (Plan 2) to be enabled as well.". The number of policy cancellations by policyholder. A tornado that destroys property would be an example of which of the following? Which of the following statements is true regarding the cash value in a Universal life policy? What privilege does the insured have in order to balance this order? Making derogatory oral statements about another insurance financial condition. Problem: User has LicenseAssignmentAttributeConcurrencyException for license assignment in audit logs. (Paying off debt) What type of insurance would be most affordable and still provide a death benefit should one of them die? The DBPR will issue a pseudo license number. 10 days Certified Insurance Consultant, What is the notice requirement if an insurer is not renewing an auto policy? c. the policy owner can make policy changes without difficulty. Which nonforfeiture option provides coverage for the longest period of time? BIt is equivalent to an insurance license. Plus, get practice tests, quizzes, and personalized coaching to help you PowerShell: PowerShell cmdlets report this error as ProhibitedInUsageLocationViolation. D. Something of value exchanged between parties. An insurer or producer may not assign commissions, The Commissioner may revoke, suspend, or refuse to renew a license for all the following, except: Stock life insurers must have $1,000,000 in capital and $2,000,000 in surplus. Is exempt from licensure under F.S. Please check below to know the answer. What type of insurance would be used for a Return of Premium rider? CONSIDER APPROVAL: Moved by Allen, seconded by Rice, to approve Amendment #1 to Agreement #A2021-18, Ground Storage Tank Construction Services Project #2020-20 with Infrastructure Design Group in . copyright 2003-2023 Study.com. Express Authority. B. Actual Notice in Real Estate: Types & Examples | What is Actual Notice? Consider the following annualized rates for 3 -month Treasury yields and 10-year Treasury yields. Here we are going to see a list of important SQL questions in MCQ style with an explanation of the answer for competitive exams and interviews. Rising feed prices are also hitting the livestock and poultry industries. C. From the Directory role blade, modify the directory role. Problem: There aren't enough available licenses for one of the products that's specified in the group. She has asked you to give her information about what determines the level of various interest rates. A. This is an example of what type of agent authority? What is the requirement of state statute, in order for the Commission to action a proposal? How does this z-score compare with the z-score you calculated before? If a hearing is scheduled for a producer who has violated regulations regarding unfair trade practices, the Superintendent must send a prior notice within how many days of the hearing? View the full answer. All of the following are general requirements of a qualified plan EXCEPT. Insurers are liable for any loss resulting from the insured's being under the influence of any narcotic if: Such narcotic is administered on the advice of a physician. If you use Exchange Online, some users in your organization might be incorrectly configured with the same proxy address value. Which of the following is NOT allowed regarding the disclosure of personal information? It is issued to group insurance participants. Before you can assign a license to a user, you must specify the Usage location property for the user. c. Estimate and interpret a sample regression equation using the 10-year yield as the response variable and the 3 -month yield as the explanatory variable. Physical units that were completed this period from all effort being applied to them. To solve this problem, you need to make sure that the required plan is still assigned to users through some other method or that the dependent services are disabled for those users. You have created 2 folders. A temporary license is only granted upon the death of an agent B. Benefits are 50% of the difference when an employee becomes partially incapacitated as the result of injury To understand the exact reason of the change and solve the problem, see this article on how the proxyAddresses attribute is populated in Azure AD. C. To increase control of claim reserving the claims settlements. Adverse selection is a concept best described as Risks with higher probability of loss seeking insurance more often than other risks. If you need assistance, please submit your question by, Department of Business and Professional Regulation Page. Typically, a real estate broker will hold one license in a single real estate agency. These frequently asked SQL questions are given with the correct choice of answer among multiple options. This usually happens when a user is a member of more than one group with same assigned license. To increase control of claim reserving and claims settlements. Which of the following is TRUE? \hline 2001 & 3.47 & 5.02 \\ This person cannot be a sales associate or a broker associate. B. Multiple licenses refer to a broker's right to work for multiple entities. If a user has a license that is dependent on a license which is being removed due to group deletion, the license assignment to the user is converted from inherited to direct. A situation in which a person can only lose or have no change represents. What do individuals use to transfer risk of loss to a large group? Consists of 4 separate muscles b. A user has a license for Office 365 Enterprise E1 assigned directly, with all the plans enabled. Abstract: Despite recent achievements in re-canalizing stroke therapies (Campbell et al., 2015; Goyal et al., 2015), which ensure reduction of deficits in a significant patient fa Azure AD attempts to assign all licenses that are specified in the group to each user. Which of the following statements are correct? Permitting individuals of the same class and equal life expectancy to be charged different rates for life insurance or annuities is an example of what type of unfair trade practice? Net Listing in Real Estate: Concept & Examples | What Is a Net Listing? A developer purchased a tract of land and subdivided the property into Individual lots. Which of the following types of policies are exempt from the state replacement regulations? To properly obtain a group license, Braggs and his associates need to do a few things. Which of the following is NOT true regarding a Certificate of Authority? Acceptance takes place when an insurer's underwriter approves the application and issues a policy.). As a member, you'll also get unlimited access to over 88,000 Answer: . (Representation are statements made by an applicant that they believe to be true.). When would a 20-pay whole life policy endow? When group-based licensing tries to process concurrent license assignment of same license to a user, this exception is recorded on the user. * A) Coverage may be continued for up to 18 months for a qualified beneficiary and 36 months for a terminated employee. Your client's employer does not offer a company-wide annuity contract. A. In this article, we explain the reasons why users might end up in this state. All of the following are examples of boycott, coercion, or intimidation, except: Offering a premium discount or credit that is not specified in the policy. Multiple Choice Questions. The article also includes information on how to connect to Exchange Online by using remote PowerShell. b. B. b. 19. Which of the following is not true regarding the hamstring muscle group?