Which of the following is NOT a characteristic of an insurable risk? 4. There are a few rules that Bob and the managing partners of the other agencies must follow. policy. by JayDJohnson, B. The right to determine the wording of a policy. 1 . Consider the following annualized rates for 3 -month Treasury yields and 10-year Treasury yields. Food processors with contracts with farmers to grow crops such as peas and sweet corn have been forced to pay higher prices to keep their supplies secure. c. cedes the risk. Practice Quiz for ABO blood types. This person cannot be a sales associate or a broker associate. Some Microsoft Online products you might own are add-ons. t. e. In the United States, the rights of transgender people vary considerably by jurisdiction. Alternatively, if the current usage location values don't represent the actual user location, you can modify them so that the licenses are correctly assigned next time (if the new location is supported). At times, it is possible for a life insurance agent to affect a savings of premium rates by backdating an application for life insurace. AzAnswer team is here with the right answer to your question. (c) a violation of FS 475. (The originating company that procures insurance on itself in another insurer is called the "Ceding insurer." Which of the following insurers are owned by stockholders who have the usual rights of ownership, including the right of voting? In the Microsoft 365 admin center, go to the Active groups page (underneath "Groups" in the left-hand navigation) and select Add a group. If you use Exchange Online, some users in your organization might be incorrectly configured with the same proxy address value. The policy contains sufficient cash value to cover the cost of insurance. If Azure AD can't assign one of the products because of business logic problems, it won't assign the other licenses in the group either. A licensed sales associate will be locked into work at only one development if no multiple licensing exists. Why does making this change in calculating GDP provide a truer picture of the size of Nigerias economy? Definition. Try refreshing the page, or contact customer support. In reference to fixed annuities, what comprises most of a life insurance company's general account? Which authority is NOT stated in an agent's contract but is required for the agent to conduct business? A. The planned premium pays for mortality charges and expenses and any excess is returned to the policyowner. What happens when a policy is surrendered for its cash value? Which statement is correct as per licensing law and regulations? Which of the following is NOT true regarding Equity Indexed Annuities? Do I need to renew my group member license? A group license is for an owner/developer who owns properties through various entities, but all such entities are connected so that such ownership or control is by the same individual or individuals. For example, you can assign Office 365 Enterprise E3 and Enterprise Mobility + Security to a group to easily enable all included services for users. When the group is deleted, group-based licensing will try to remove Office 365 E3/E5 from all users. Office 365 Enterprise E3 with only the Exchange Online (Plan 2) service plan enabled. The Commissioner may revoke or suspend a license without an opportunity for a hearing Which authority is NOT stated in an agent's contract but is required for the agent to conduct business? The plan must provide an offset for social security benefits. The application process requires the owner or developer to file with the DBPR. Required fields are marked *. The insurer must be able to rely on the statements in the application, and the insured must be able to rely on the insurer to pay valid claims. lessons in math, English, science, history, and more. The insured may choose to convert to term or permanent individual coverage. Under the COBRA rules for employer group health insurance, which of the following statements is CORRECT? A. You must remove all licenses assigned to a group before you can delete the group. Equal to. 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 \hline 2001 & 3.47 & 5.02 \\ In forming an insurance contract, when does acceptance usually occur? If you need assistance, please submit your question by, Department of Business and Professional Regulation Page. B. Benefits are 75% when an employee becomes totally incapacitated as the result of injury, With regard to aftermarket parts regulation, which of the following statements is false? The service Microsoft Workplace Analytics requires Exchange Online (Plan 2) to be enabled as well.". DIt is issued to group insurance participants., An insurance company has published a brochure . Let's consider the following example: Microsoft Workplace Analytics is an add-on product. Less than. With respect to dependent handicapped children, which of the following is incorrect? To schedule a fingerprint reservation, please contact Pearson's third party vendor, IdentoGO By MorphoTrust USA (formerly known as L1 Enrollment). Upon which of the following would a health benefit plan be permitted to base individual eligibility? Benefit payment amounts are not guaranteed. Responsible for knee flexion b. (c) Th; Which of the following is not a true statement? Replacement parts to be used that are not manufactured by the original manufacturer may not be used Problem: User has LicenseAssignmentAttributeConcurrencyException for license assignment in audit logs. The plan must provide an offset for social security benefits. Which of the following statements is true regarding examinations by the Commissioner? In case of a loss, the indemnity provision in insurance policies does what? More than one product license assigned to a group. Restores an insured person to the same financial state as before the loss. All costs are controllable at some level within a company. Real Estate Express & Implied Agency | What are Express & Implied Agency? Fungi, Wet Rot or Dry Rot; Virus or Bacteria; Electrical Apparatus, Consequential losses, steam apparatus, frozen plumbing, dishonesty, pollution, and neglect are excluded, The Insurance Commissioner is: D. Promptly forwarding premiums to the insurance company. The other insurer is called the "Assuming insurer.". (A warranty in insurance is a statement guaranteed to be true. Members of the public flooded the State Capitol again on Tuesday. In insurance transactions, fiduciary responsibility means. A. All of the following statements are true regarding a state regulatory agency's investigation, except: A. C. group credit life insurance does not build cash values. (The binding force in any contract is consideration.). These frequently asked SQL questions are given with the correct choice of answer among multiple options. To learn more about other scenarios for license management through groups, see the following: More info about Internet Explorer and Microsoft Edge, "Proxy address They will demonstrate successfully that they are using best practise to avoid. Failure to remit premiums may result in the suspension of the producer's license, A person may procure insurance with any insurance company that does not hold a Certificate of Authority if such insurance: Who might receive dividends from a mutual insurer? e. Unscrupulous licensees have been known to manufacture licensed products and sell them under different brand names The only ABO type blood that normally does not have either A or B antigens . [Related to the Apply the Concept on page 652]An article in the Economist on the revisions to Nigerias GDP commented: The GDP revision is not mere trickery. To change information on your vehicle title, you need: Certificate of title (original only, no copies) A completed title amendment form. When you assign licenses directly to individual users, without using group-based licensing, the assignment operation might fail for reasons that are related to business logic. References: This option offers more flexibility. \hline 2009 & 0.15 & 3.26 \\ Under Licensed groups, you see all groups that have that products assigned. It provides a truer picture of Nigerias size by giving due weight to the bits of the economy, such as telecoms, banking and the Nollywood film industry, that have been growing fast in recent years.. B. a. Which of the following is a statement that is guaranteed to be true, and if untrue, may breach an insurance contract? Azure AD doesn't automatically resolve license conflicts. Problem: One of the products that's specified in the group contains a service plan that conflicts with another service plan that's already assigned to the user via a different product. Representations are statements that are true to the best of the applicant's knowledge.). Which of the following is a statement that is guaranteed to be true, and if untrue, may breach an insurance contract? B. b) Health insurance: an insurance (CII study text on Liability insurances, 2016). Select the notification to open a list of all affected users. 24 (with 3 hours in ethics) PowerShell: PowerShell cmdlets report this error as DependencyViolation. A temporary license may be issued to the surviving spouse of a disabled or deceased producer A. a. To solve this problem, remove users from unsupported locations from the licensed group. \hline 2010 & 0.14 & 3.21 \\ Whether an insurable interest exists between the individuals. 5 Match the following: A) Quality assurance - 1) Process oriented B) Quality control - 2) National physical laboratory C) Quality management - 3) Product oriented D) National measurement system - 4) Overall programmer of QA. 3-Real Estate License Law and Commission Rules. Ohio Real Estate Broker Exam: Study Guide & Practice, Ohio Real Estate Salesperson Exam: Study Guide & Practice, Ohio Licensed Appraiser Exam: Study Guide & Practice, California Real Estate Broker Exam: Study Guide, Oklahoma Real Estate Broker Exam: Study Guide & Practice, Iowa Real Estate Broker Exam: Study Guide & Practice, Oklahoma Real Estate Salesperson Exam: Study Guide & Practice, Iowa Real Estate Salesperson Exam: Study Guide & Practice, Kansas Real Estate Broker Exam: Study Guide & Practice, Hawaii Real Estate Broker Exam: Study Guide & Practice, Hawaii Real Estate Salesperson Exam: Study Guide & Practice, New Hampshire Real Estate Broker Exam: Study Guide & Practice, New Hampshire Real Estate Salesperson Exam: Study Guide & Practice, Vermont Real Estate Salesperson Exam: Study Guide & Practice, New Mexico Real Estate Broker Exam: Study Guide & Practice, North Dakota Real Estate Broker Exam: Study Guide & Practice, North Dakota Real Estate Salesperson Exam: Study Guide & Practice, South Dakota Real Estate Salesperson Exam: Study Guide & Practice, California Real Estate Salesperson Exam: Study Guide, Create an account to start this course today. A participating insurance policy may do which of the following? Protect the interests of life insurance and annuity purchasers b. People who are type AB normally produce both anti-A and anti-B antibodies. \hline 2006 & 4.85 & 4.79 \\ At any given time, how would the yield curve facing a AAA-rated company compare with the yield curve for U.S. Treasury securities? You can select your choice and check it instantly to see the answer with an explanation. A group license is much different than holding multiple licenses. This memorandum surveys U.S. economic sanctions and anti-money laundering ("AML") developments and trends in 2022 and provides an outlook for 2023. Which of the following insurance providers would be considered a risk sharing arrangement? Which of the following is NOT an unfair claims practice? A temporary license for up to 12 months without having to pass an examination. We also provide some thoughts concerning compliance and risk mitigation in this challenging environment. There is no action required from the customer to fix this issue. Coverage ends and the policy cannot be reinstated. To reprocess a user, go to the user pane, open Licenses, and then select the Reprocess button on the toolbar. C) From a net; Which of the following statements is true regarding a centralized organization? Producer licenses expire every 2 years (biennially) on the producer's birth date. \hline 2003 & 1.03 & 4.02 \\ Answer should be B because only one user cannot be assigned the license, and before assigning the license to a user, usage location should be same. PowerShell: PowerShell cmdlets report this error as ProhibitedInUsageLocationViolation. Cram has partnered with the National Tutoring Association, Risky Management: Homeland Security And Homeland Defense, Advantages And Limitations Of The Reinsurance Contract. It is issued to group insurance participants. Which of the following would help prevent a universal life policy from lapsing? That its policies are covered by a state Guaranty Association. If an applicant for a life insurance policy and person to be insured by the policy are two different people, the underwriter would be concerned about. An insurer invests the money it receives from premiums paid by its insureds. (a) legal if the sales associate has a group license. B Identification of customer need. B. C Servicing. If an agent fails to promptly remit the premiums collected from the insured to the insurer, the agent may be found guilty of which of the following? 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. 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? To make his group license happen, Braggs must file an affidavit with the DBPR that lists the legal company name used for the developments. 2003-2023 Chegg Inc. All rights reserved. When you're using group-based licensing, the same errors can occur, but they happen in the background while the Azure AD service is assigning licenses. Obtain a list of all life insurance policies that will be replaced. In a life settlement contract, who does the life settlement broker represent? For example, if you free up some licenses by removing direct license assignments from users, you need to trigger the processing of groups that previously failed to fully license all user members. B. Bob is the agency owner, and all of his real estate transactions are performed through the agency's business license. An application of which the medical information is completed by the applicant and the agent only. Answer: A. D. is likely to end by 2017. \text { 3-Month } \\ (Co-written with and signed by fourteen other VIPS listed below) MEMORANDUM FOR: U.S. Secretary of State John Kerry, and Foreign Minister of Russia Sergey Lavrov FROM: Veteran Intelligence Professionals for Sanity (VIPS) SUBJECT: Sarin Attack at Ghouta on Aug. 21, 2013 In a Memorandum of Oct. 1, 2013, we asked each of you to make public the intelligence upon which you based your differing . For this reason, the errors can't be communicated to you immediately. Steven prints a pamphlet to advertise his life insurance business. It is issued to group insurance participants. \hline 30 days, Which of the following types of policies may NOT exclude coverage for losses caused by fire or other perils resulting from acts of terrorism? This usually happens when a user is a member of more than one group with same assigned license. 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? Principal-Agent Relationship Roles & List | What is a Principal in Real Estate? What else must he include? B. Bob must be sworn in as a: And this must be done for every real estate agency where Bob hangs his license. She has asked you to give her information about what determines the level of various interest rates. A spouse was granted a temporary license for her deceased husband's agency on March 1. C. Please tell us how we can make this answer more useful. What type of annuity contract could your client obtain? View the full answer. Which of the following statements regarding the temporary insurance license is not correct? A. 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. The license fee could be based on a percentage of final sales revenue of the product, or the number of units sold. C. To minimize the insured's level of liability in the event of loss. Real Estate Client vs. The article also includes information on how to connect to Exchange Online by using remote PowerShell. It is issued by the state department of insurance. A. the word carries the same meaning in both the English and German languages. What type of insurance would be used for a Return of Premium rider? What is the major difference between a Stock Company and a Mutual Company? 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. The annuity owner dies while the annuity is still in the accumulation stage. 10 days Can a broker hold multiple real estate licenses? Performing a review of the agent's client's coverage. Adverse selection is a concept best described as Risks with higher probability of loss seeking insurance more often than other risks. The premium amount paid at the time of application. If the agent writes a policy for XYZ, which of the following would apply? CIt is issued by the state department of insurance. C. The application given to a prospective insured. A. When transacting business in this state an insurer formed under the laws of another country is known as a/an (Alien insurer is defined as an insurer formed under the laws of another country.). Have a great time ahead. Serve to extend the knee c. Covered by the vastus fascia d. Located in anterior compartment of the thigh 10. Appointed by the Governor, Which of the following statements is correct concerning Workers' Compensation? The plan is funded by permanent insurance only. If thats the case, you dont have to worry anymore. Participate in the planning and implementation of laboratory exercises and experiments; implement new or modified policies and procedures . 50,000 . Which of the following is an example of an agent's fiduciary responsibilities? b. Hanging multiple broker's licenses works like this. Actual Notice in Real Estate: Types & Examples | What is Actual Notice? B. Which of the statements is correct regarding membership on the Probable Cause Panel? What is a real estate broker sales associate. Considering only offices with a wait tracking system, what is the z-score for the sixth patient in the sample (wait time 5 37 minutes)? The application given to a prospective insured. It may be necessary for transacting business in a specific state. The broker must hold a separate license for each separate agency. Which of the following statements is correct with respect to the Doctrine of Economic Benefit? An insurer or producer may not assign commissions, The Commissioner may revoke, suspend, or refuse to renew a license for all the following, except: Buy-sell agreements are normally funded with a life insurance policy. All other factors being equal, what would the premium be like in a survivorship life policy as compared to the premium in a joint life policy? They earn lower interest rates than fixed annuities. Physical units that were completed this period from all effort being applied to them. Upon application for a life insurance policy containing accelerated LTC benefits. This is an example of what type of agent authority? B. a It does not apply to contracts for the sale of goods. At any given time, how would the yield curve facing a BB-rated company compare with the yield curve for U.S. Treasury securities? This error occurs when Azure AD attempts to remove the underlying service plan. Which of the following terms best describes what the insurer has violated? Which of the following is NOT a goal of risk retention? A. A long-term care policy must be optionally renewable. However, for tax purposes, a sales associate is allowed by law to form a professional corporation (PA), and in this case, the DBPR will issue the license in the licensee's actual (legal) name and include the entity designation (PA) after the licensee's legal name. B. B. You can select each group for more details. Which of the following is not true regarding the hamstring muscle group? Perfectly happy with his profits, Bob did not consider holding multiple licenses. B. 2 . It is a period during which payments into the annuity grow tax deferred. Which of the following is NOT a type of whole life insurance? 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. That was until several real estate entities learned about Bob's savvy sales techniques. A user has a license for Office 365 Enterprise E1 assigned directly, with all the plans enabled. It may be necessary for transacting business in a specific state. It is issued to group insurance participants. Eventually, these costs will appear in the prices of frozen and canned vegetables. A. What is the advantage of reinstating a policy instead of applying for a new one? Answer: . (Perils are the cause of loss insured against in an insurance policy.). There is a specific section of the DBPR website where the sales associate and the developer complete the necessary forms. Which of the following is TRUE? An insurance producer cannot act as an insurer's agent unless that producer becomes appointed with the insurer flashcard sets. Transcribed image text: Question 1 (1 point) Which of the following statements is NOT correct regarding markets? Estate for Years: Overview & Examples | Estate for Years in Real Estate Definition, How the Statute of Frauds Applies to Real Estate Transactions. What privilege does the insured have in order to balance this order? Which of the following is NOT true regarding a Certificate of Authority. 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? One member must be a current member of the FREC, c. One member may be a previous Commission member. D. It is issued by the state department of insurance. A group license is: 1) Used for large real estate brokerages 2) Allows licensees to work for various properties owned and developed by the same individuals(s), although the properties are owned in the name of different interlocking or affiliated entities 3) Allows brokers to be the broker of record for more than one real estate brokerage 4) Is available when a licensee chooses not to have an . Term policies are available as Level, Increasing, and Decreasing. You can see the users who failed to get assigned and check which products are affected by this problem. Only the following license exceptions may be used to export "600 series" items to destinations other than those identified in Country Group D:5 or Hong Kong (see Supplement No. Group-based licensing in Azure Active Directory (Azure AD), part of Microsoft Entra, introduces the concept of users in a licensing error state. But they weren't the only ones demanding action under the Gold Dome. A A-3, B-4, C-2, D-1. The DBPR will issue a pseudo license number. A developer purchased a tract of land and subdivided the property into Individual lots. All other trademarks and copyrights are the property of their respective owners. Series 6: Multiple choice questions (choose the best statement) Exercise 1. Multiple licenses refer to a broker's right to work for multiple entities. Which of the following statements is true regarding a work group? To be considered as part of an organization's market, customers must be considered qualified to make a purchase. Agents have binding authority You can assign more than one product license to a group. Is limited lines insurance B. It is also possible to create a standalone group that contains only the minimum required products to make the add-on work. Standardized Contractor Exams - a basis for a license to practice To Register to Take an Exam Call Pearson VUE at 1-877-234-6082 or go to Please check with ICC at www. A. Which of the following types of policies are exempt from the state replacement regulations? Which of the following is the closest term to an "authorized" insurer? c It does not apply to contracts for the provision of services. Typically, a real estate broker will hold one license in a single real estate agency. All of the following are examples of risk retention EXCEPT (Retention is a planned assumption of risk, or acceptance of responsibility for the loss by an insured through the use of deductibles, copayments, and self-insurance.). Problem: While updating license assignment on a user or a group, you might see that the Azure AD Mail and ProxyAddresses attribute of some users are changed. * A) Coverage may be continued for up to 18 months for a qualified beneficiary and 36 months for a terminated employee. This is an example of: All of the following actions by a person could be described as risk avoidance EXCEPT (Investing in the stock market is not an example of risk avoidance; it creates the possibility of a loss.). Multiple Choice Questions. To reprocess a group, go to the group pane, open Licenses, and then select the Reprocess button on the toolbar. In forming of an insurance contract, this is referred to as (The insurer must be able to rely on the statements given by the insured in the application.
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