Based on the previous example, you would assign the following products to the same group: From now on, any users added to this group consume one license of the E3 product and one license of the Workplace Analytics product. Which of the following allows the insurer to relieve a minor insured from premium payments if the minor's parents have died or become disabled? Get unlimited access to over 88,000 lessons. Real Estate Client vs. An insurer or producer may pay commissions (other than as prohibited) to an insurance agency or to persons who do not sell, solicit, or negotiate insurance FREC holds a meeting in order to pass a new rule. Your boss has prepared some questions for you to consider. A market consists of anyone who believes they have a need . Which of the following statements is correct with respect to the Doctrine of Economic Benefit? 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? The article also includes information on how to connect to Exchange Online by using remote PowerShell. A binder cannot exceed 60 days, After a personal policy has been in effect for 60 days, the policy may not be cancelled: You can create multiple groups for each prerequisite service plan. The number of policy cancellations by policyholder. PowerShell: PowerShell cmdlets report this error as ProhibitedInUsageLocationViolation. A limited lines producer is authorized to sell all of the following, except: Which of the following statements is false? "You're Beautiful" on YouTube [a] " You're Beautiful " is a song by English singer-songwriter James Blunt. Only sales or broker associates, employed by a owner developer can receive a group license. Best Answer. Multiple Choice Questions. DIt is issued to group insurance participants., An insurance company has published a brochure . A. People who are type AB normally produce both anti-A and anti-B antibodies. I would definitely recommend Study.com to my colleagues. Which type of life insurance is written with a face amount of $3,000 or less? B. An employee is insured under her employer's group life plan. Which policy component fluctuates depending on the policy type? [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. One member must be a current member of the FREC, c. One member may be a previous Commission member. The insurer credits the cash value in the policy with a current interest rate. In case of a loss, the indemnity provision in insurance policies does what? Insurance companies may be classified according to the legal form of their ownership. Benefit payment amounts are not guaranteed. An agent tells an insured that if he replaces his current insurance policy with a newer one, his dividends will be higher and his premium will be slightly lower. It contains a single service plan with the same name. A) XYZ must issue the policy. C. It is issued to group insurance participants. B. by JayDJohnson, b. A. 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. 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? Question: After repairing his roof, Ralph jumped to the ground instead of using a ladder. B. Use =0.05\alpha=0.05=0.05 to test if the population correlation coefficient is significantly different from zero. We recommend that administrators set the correct usage location values on users before using group-based licensing to comply with local laws and regulations. After you resolve any proxy address problems for the affected users, make sure to force license processing on the group to make sure that the licenses can now be applied. It may be necessary for transacting business in a specific state. Consider the following example. Also imagine that a few members of the group have Audio Conferencing licenses assigned directly. That's when several brokers approached Bob about holding multiple licenses. It is an equivalent of insurance license. B. D Commingling premiums with agent's personal funds. B. This is an example of what type of agent authority? One member must be a current member of the FREC, c. One member may be a previous Commission member. B. .. . Braggs did not want to lock each sales associate into one single development. \hline 2006 & 4.85 & 4.79 \\ B. All of the following statements are correct regarding Credit Life Insurance EXCEPT Benefits are paid to the borrower's beneficiary. c . For one, a group license applies to an owner or developer who builds homes or other housing and utilizes sales associates to sell the properties. In what way can an agent demonstrate a high standard of ethics? Group-based licensing in Azure Active Directory (Azure AD), part of Microsoft Entra, introduces the concept of users in a licensing error state. Agents may handle applications and assist applicants providing the applicant has tried to secure coverage with a standard insurer and certifies that he/she was unable to obtain such coverage, With regard to the Dwelling Endorsement, DP 01 06, which of the following statements is false? Let's consider the following example: Microsoft Workplace Analytics is an add-on product. a. A temporary license may be issued to the surviving spouse of a disabled or deceased producer This error occurs when Azure AD attempts to remove the underlying service plan. (Representation are statements made by an applicant that they believe to be true.). B. Question: Which of the following is true regarding Article 2 of the Uniform Commercial Code (UCC)? The other insurer is called the "Assuming insurer.". 3-Real Estate License Law and Commission Rules. Which of the following is a feature of a variable annuity? Azure AD doesn't automatically resolve license conflicts. A. Your email address will not be published. D is the correct answer because a suicide clause is usually inserted into a policy when issued on a mortgage loan and the misstatement of one's age makes no difference because the initial rate is . Under Licensed groups, you see all groups that have that products assigned. Considered true to the best of the applicant's knowledge. Answer: A. Which if the following is TRUE regarding variable annuities? By putting the client's best interest before their own. It is an equivalent of insurance license. Which of the following is the basis for a claim against an insurance policy? When group-based licensing tries to process concurrent license assignment of same license to a user, this exception is recorded on the user. A. 1 / 15. Staffa (Switzerland), January 5, 2023 - Sonova Holding AG, a leading provider of hearing care solutions, today unveils the launch of the Sennheiser Conversation Clear Plus earbu b. the insurer can make policy charges without difficulty. Obtain a list of all life insurance policies that will be replaced. That was until several real estate entities learned about Bob's savvy sales techniques. Serve to extend the knee c. Covered by the vastus fascia d. Located in anterior compartment of the thigh 10. Which of the following is NOT true regarding a Certificate of Authority? A participating insurance policy may do which of the following? A. 4. Which of the following must an insurer obtain in order to transact insurance within a given state? Which of the following statements is false with respect to license renewals? I highly recommend you use this site! 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)? Over the past several years, the owner, John Braggs, built single-family homes on each plot. Which of the following is NOT true regarding Equity Indexed Annuities? On May 1 she processed an application for life insurance on a new applicant. 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. B. B) The law of diminishing returns does not always apply to every situation. Under Licensed users, you see a list of all users who have had licenses assigned directly or via one or more groups. Which of the following correctly describes an Apprentice Adjuster's license? Act to protect the best interests of authorized insurers. B. Open the group to its overview page and select Licenses. If only one party to an insurance contract has made a legally enforceable promise, what kind of contract is it? The agent puts up a sign with the insurer's logo without express permission. After doing that, you can properly remove the group license from those users. Find out how you can intelligently organize your Flashcards. Year3-MonthYield(%)10-YearYield(%)20013.475.0220021.634.6120031.034.0220041.404.2720053.214.2920064.854.7920074.474.6320081.393.6720090.153.2620100.143.21\begin{array}{|c|c|c|} D. group credit insurance must have a suicide clause and a misstatement of age clause. C. To increase control of claim reserving the claims settlements. Which authority is NOT stated in an agent's contract but is required for the agent to conduct business? Braggs, once registered with the DBPR, will file for a pseudo number, not a valid real estate license number. Let's look at an example. It provides income the beneficiary cannot outlive. Which of the following statements is false with respect to . (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 . (A peril is the cause of loss insured against in an insurance policy.). Multiple vs Group License. It is also possible to create a standalone group that contains only the minimum required products to make the add-on work. Q. B. Producer licenses expire every 2 years (biennially) on the producer's birth date. C. It is issued to group insurance participants. How does this z-score compare with the z-score you calculated before? For example, we might update an existing group that already contains the full Office 365 E3 product, and then add the add-on product to it. Constructive Notice in Real Estate Overview & Law | What is Constructive Notice? A toxic substance produced by biological system is specially referred to as a ------. Required fields are marked *. Restores an insured person to the same financial state as before the loss. If you use Exchange Online, some users in your organization might be incorrectly configured with the same proxy address value. 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. 10 days An insurer invests the money it receives from premiums paid by its insureds. A. Members of the public flooded the State Capitol again on Tuesday. To find all groups that contain at least one error, on the Azure Active Directory blade select Licenses, and then select Overview. Which of the following is true regarding a single life settlement option? Certified Insurance Consultant, What is the notice requirement if an insurer is not renewing an auto policy? 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. B) The agent will guarantee the policy. Is with regard to the person's own property or person, In the event of death resulting from an accident arising out of and in the course of employment or from an occupational disease, the amount provided for burial expense is: 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. $4,000 Which of the following statements regarding the temporary insurance license is not correct? For this reason, the errors can't be communicated to you immediately. Acceptance takes place when an insurer's underwriter approves the application and issues a policy.). It is intended to provide coverage on a date earlier than the date of the issuance of the policy. B. No real estate sales license is needed for the owner or developer. B. Upfront license payments . This rider is available to all insureds with no additional premium. Please check below to know the answer. The New York Superintendent has the responsibility to make sure each entity transacting insurance in this state remains solvent. This usually happens when a user is a member of more than one group with same assigned license. (Insurers use reinsurance to protect themselves from catastrophic losses. In this example, the conflicting service plans are: To solve this conflict, you need to disable one of the plans. A. Insurers are required to file a statement with the Superintendent What is the tax consequence of amounts received from a Traditional IRA after the money was left in the tax-deferred account by the beneficiary? A developer purchased a tract of land and subdivided the property into Individual lots. You can assign more than one product license to a group. Which of the following duties is part of the Commissions quasi-judicial responsibilities? A. (Paying off debt) What type of insurance would be most affordable and still provide a death benefit should one of them die? D. Promptly forwarding premiums to the insurance company. (c) Th; Which of the following is not a true statement? The agent has business cards and stationery printed. 1)Option b 2)Option b . A real estate broker may be issued multiple licenses under certain circumstances. The causes of loss insured against in an insurance policy are know as. An applicant knowingly fails to communicate information that would help an underwriter make a sound decision regarding coverage. The central theme of 2022 was the U.S. government's deploying of its sanctions, AML . D Material control. Installing deadbolt locks on the doors of a home is an example of which method of handling risk? C. It is issued to group insurance participants. The beneficiary will receive the greater of the money paid into the annuity or the cash value. The policy contains sufficient cash value to cover the cost of insurance. Who might receive dividends from a mutual insurer? \hline 2002 & 1.63 & 4.61 \\ Problem: There aren't enough available licenses for one of the products that's specified in the group. AzAnswer team is here with the right answer to your question. C Servicing. We weren't able to detect the audio language on your flashcards. A person willfully acting without an insurance license in Iowa may be fined up to: Answer: $50,000.. Azure AD will retry processing the user license and will resolve the issue. (An agent who accepts a premium after the end of the grace period appears to the client to have the authority to prevent the policy form lapsing. He wanted to have the flexibility to move sales associates and broker associates to each of his many developments. In a life settlement contract, who does the life settlement broker represent? a. \text{ Yield (\\\%) } The DBPR will issue a pseudo license number. The partnership is liquidating. Title Theory State | Rights, Differences & Purpose. These frequently asked SQL questions are given with the correct choice of answer among multiple options. Property of others that is in the insured's care is excluded, Which of the following statements is correct with respect to acting as an agent? Options . Which of the following is an example of an agent's fiduciary responsibilities? Which of the following is NOT a type of whole life insurance? (The originating company that procures insurance on itself in another insurer is called the "Ceding insurer." Depending on what steps you've taken to resolve the errors, it might be necessary to manually trigger the processing of a user to update the users state. c It does not apply to contracts for the provision of services. (An agent represents the principle, acting on the entity's behalf in contractual agreements with third parties.). A. b. Certificates of Authority are renewed biennially by May 1, Which of the following statements is correct regarding cease and desist orders? A) Uber is an example of a business model that is based on the principle of network economics. A. A. C. group credit life insurance does not build cash values. The following sections give a description of each potential problem and the way to resolve it. Which observation is not true of the group of people who lead the development of a new product? B. drives farmers to grow soybeans. 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