Which of the following is NOT an unfair claims practice? 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. Which of the following best describes taxation during the accumulation period of an annuity? In a life settlement contract, who does the life settlement broker represent? Principal-Agent Relationship Roles & List | What is a Principal in Real Estate? Let's look at an example. \hline 2008 & 1.39 & 3.67 \\ Which of the following is an example of a producer's fiduciary duty? We'll bring you back here when you are done. Policy loans must available after the policy has been in effect for 6 months. The plan must provide an offset for social security benefits. Bob must be sworn in as a: And this must be done for every real estate agency where Bob hangs his license. (The binding force in any contract is consideration.). Responsible for knee flexion b. Required fields are marked *. By putting the client's best interest before their own. Under the COBRA rules for employer group health insurance, which of the following statements is CORRECT? b. A. PowerShell: PowerShell cmdlets report this error as DependencyViolation. AIt may be necessary for transacting business in a specific state. a. that a policy will be issued. 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? All of the following are powers and duties of the Florida Real Estate Commission except? The right to determine the wording of a policy. b) Health insurance: an insurance (CII study text on Liability insurances, 2016). He hires his son but he is NOT license to sell lots.Father offers son a salary of $200 per week. Temporary licenses are granted for an initial term of 6 months C. A temporary license does not allow the license to sell, solicit or negotiate new contracts (b) They may be loosely tied together in a committee. The partnership is liquidating. The insured may choose to convert to term or permanent individual coverage. Last year, she received a dividend check from the insurance company that was not taxable. You can assign more than one product license to a group. General & Special Agent Types in Real Estate | What is a Special Agent in Real Estate? The Commissioner may hold a hearing for any purpose within or out of the scope of the Code. 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? e. Unscrupulous licensees have been known to manufacture licensed products and sell them under different brand names By the end of 2021, at least 130 bills had been introduced in 33 states to restrict the rights of transgender people. During replacement of life insurance, a replacing insurer must do which of the following? Benefit payment amounts are not guaranteed. To find all groups that contain at least one error, on the Azure Active Directory blade select Licenses, and then select Overview. People who are type AB normally produce both anti-A and anti-B antibodies. The agent has business cards and stationery printed. Agents have binding authority All rights reserved. C Servicing. Which of the following is NOT a type of whole life insurance? Which of the following is a statement that is guaranteed to be true, and if untrue, may breach an insurance contract? Which of the following is true regarding a single life settlement option? Which of the following insurance providers would be considered a risk sharing arrangement? How does this z-score compare with the z-score you calculated before? An application of which the medical information is completed by the applicant and the agent only. Holding multiple licenses is different than holding a group license in Florida real estate. A limited lines producer is authorized to sell all of the following, except: Which of the following statements is false? \hline 2002 & 1.63 & 4.61 \\ B. Term. B. (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.). At the same time, those users can be members of another group that gives them the full E3 product, and they still consume only one license for that product. In this article, we explain the reasons why users might end up in this state. If we select the item details, it shows the following error message: "License operation failed. Problem: There aren't enough available licenses for one of the products that's specified in the group. Calculate and interpret the sample correlation coefficient. D. To reduce expenses and improve cash flow. . More than one product license assigned to a group. 7 Miscellaneous Personal Lines Coverage, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese. In insurance transactions, fiduciary responsibility means. B. A) Uber is an example of a business model that is based on the principle of network economics. $4,000 A notification appears if there are any users in an error state. I would definitely recommend Study.com to my colleagues. What you need. What happens when a policy is surrendered for its cash value? D. To fund losses that cannot be insured. Its like a teacher waved a magic wand and did the work for me. A. Sales associates and broker associates register their licenses under that number and then can begin working for the developer. 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? A. b) toxin. 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.). On the "Group type" page, select Microsoft 365, then click Next. 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. Which of the following best describes annually renewable term insurance? The broker can also remain a sole proprietor of his agency. This lets you distribute the add-on to E1 and E3 users without consuming additional licenses. The annuity owner dies while the annuity is still in the accumulation stage. B. D. group credit insurance must have a suicide clause and a misstatement of age clause. a It does not apply to contracts for the sale of goods. You can create multiple groups for each prerequisite service plan. Options . Add-ons require a prerequisite service plan to be enabled for a user or a group before they can be assigned a license. If thats the case, you dont have to worry anymore. Answer: B. This doctrine provides that an employee will pay taxes once he/she begins receiving economic benefits of an insurance-funded plan. For example, you can assign Office 365 Enterprise E3 and Enterprise Mobility + Security to a group to easily enable all included services for users. Courts will interpret any ambiguity in and insurance contract (Insurance policies are contracts of adhesion. The insured must be able to rely on the insurer's promise to pay covered losses.). A master policy purchased by a chain of clothing stores Florida Real Estate Laws | Rules & Statutes, Dishonest Behavior in Real Estate | Fraud, Puffing & Misrepresentation. Losses are payable within 30 days of receipt of proof of loss, Who among the following is not exempt from continuing education requirements? c It does not apply to contracts for the provision of services. Study with Quizlet and memorize flashcards containing terms like Which of the following is NOT true regarding a Certificate of Authority? Landmark Homes, Incorporated, located in West Palm Beach, Florida, purchased eight plots of land throughout the county. It contains a single service plan with the same name. Find out how you can intelligently organize your Flashcards. The application given to a prospective insured. This usually happens when a user is a member of more than one group with same assigned license. In Florida, a real estate broker who wishes to work for more than one entity can apply for multiple licenses. A. ), A statement by the applicant that, upon discovery, would affect the underwriting decision of the insurance company. Which of the following is the basis for a claim against an insurance policy? The government pays subsidies to companies that produce ethanol, a fuel made from corn. Katy's license expired on September 30th. flashcard sets. Your client's employer does not offer a company-wide annuity contract. In Minnesota, land diverted to corn to feed the ethanol maw is reducing the acreage planted to a wide range of other crops, especially soybeans. It may be necessary for transacting business in a specific state. Azure AD attempts to assign all licenses that are specified in the group to each user. 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|} View the full answer. Handling insurer funds in a trust capacity. A. As a member, you'll also get unlimited access to over 88,000 An applicant for a producer license must provide evidence of legal liability coverage for an amount of least: $20,000. 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 . Which of the following statements is true regarding a work group? Which of the following is not true regarding the quadriceps muscle group? Please upgrade to Cram Premium to create hundreds of folders! Which of the following is NOT a reporting requirement? Instead, they're recorded on the user object and then reported via the administrative portal. Practice Quiz for ABO blood types. Publication Ethics Statement. 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. 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. Your boss has prepared some questions for you to consider. The only ABO type blood that normally does not have either A or B antigens . 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. That pseudo number becomes the placeholder for sales associates and broker associates to register for the group license. Azure AD will retry processing the user license and will resolve the issue. Which of the following statements is NOT correct concerning policy loans? B. A. Due to the insured changing his/her occupation What privilege does the insured have in order to balance this order? At times, it is possible for a life insurance agent to affect a savings of premium rates by backdating an application for life insurace. b. An insurer invests the money it receives from premiums paid by its insureds. Which of the following is NOT the consideration in a policy? \hline 2007 & 4.47 & 4.63 \\ Which of the following statements about network economics is not true? This error occurs when Azure AD attempts to remove the underlying service plan. To learn more about other scenarios for license management through groups, see the following: More info about Internet Explorer and Microsoft Edge, "Proxy address A. Public adjusters may not qualify for a license in Property and Casualty. You have created 2 folders. This year, she did not receive a check from the insurer. Multiple vs Group License. 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? B. The plan must provide an offset for social security benefits. At any given time, how would the yield curve facing a AAA-rated company compare with the yield curve for U.S. Treasury securities? A. Which statement is correct as per licensing law and regulations? $4,500, With regard to the FAIR Plan, which of the following is false concerning agents? C. It is equivalent to an insurance license. Which of the following is false regarding financial requirements applicable to insurers in Connecticut? d It applies to. The Manager. 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. Consolidated net revenue increased 23% in Full Year 2022 compared to Full Year 2021; on a constant currency basis consolidated net revenue increased 28% in Full Year 2022 compared \hline 2009 & 0.15 & 3.26 \\ Azure AD doesn't automatically resolve license conflicts. Producer licenses expire every 2 years (biennially) on the producer's birth date. 2003-2023 Chegg Inc. All rights reserved. She has asked you to give her information about what determines the level of various interest rates. Which authority is NOT stated in an agent's contract but is required for the agent to conduct business? Bob is the agency owner, and all of his real estate transactions are performed through the agency's business license. Find out how you can intelligently organize your Flashcards. A participating insurance policy may do which of the following? C. The application given to a prospective insured. Certified Insurance Consultant, What is the notice requirement if an insurer is not renewing an auto policy? Actual Notice in Real Estate: Types & Examples | What is Actual Notice? B) Work groups primarily engage in collective work that requires joint effort. It is term coverage that is convertible to permanent insurance at or prior to the child reaching the maximum coverage age. Maria Juarez is a professional tennis player, and your firm manages her money. 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. To increase control of claim reserving and claims settlements. The annuitant assumes the risk on investment. This insurance provides financial protection against physical damage and bodily injury resulting from traffic collisions. A. Why does making this change in calculating GDP provide a truer picture of the size of Nigerias economy? It is also possible to create a standalone group that contains only the minimum required products to make the add-on work. This usually happens when a user is a member of more than one group with same assigned license. Which power did the Commission exercise? Which if the following is TRUE regarding variable annuities? a. Title Theory State | Rights, Differences & Purpose. Real Estate Client vs. Which of the following is true regarding the beneficiary designation of the former spouse. (Insurers use reinsurance to protect themselves from catastrophic losses. To be considered as part of an organization's market, customers must be considered qualified to make a purchase. When Azure AD assigns group licenses, any users without a specified usage location inherit the location of the directory. Make sure that the group has necessary services before adding or removing a dependent service. B. A. A group license is much different than holding multiple licenses. Insurers must acknowledge the receipt of a notice of a claim within: Which of the following is correct regarding a temporary license? That's when several brokers approached Bob about holding multiple licenses. To assign this add-on license to a group, we must ensure that the group also contains the prerequisite service plan. t. e. In the United States, the rights of transgender people vary considerably by jurisdiction. When Azure AD attempts to assign a group license to a user whose usage location isn't supported, it fails and records an error on the user. Which of the statements is correct regarding membership on the Probable Cause Panel? 3. Under a straight life annuity, if the annuitant dies before the principal amount is paid out, the beneficiary will receive What is the maximum fine for violating a cease and desist order? You're Beautiful Guitar Cover Acoustic - James Blunt |Tabs + Chords| FREE Chord & Songwriting Guitar eBook - https://www.guitarzero2hero.comWelcome to . They will demonstrate successfully that they are using best practise to avoid. We also provide some thoughts concerning compliance and risk mitigation in this challenging environment. Benefits are 50% of the difference when an employee becomes partially incapacitated as the result of injury Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT An insurer neglects to pay a legitimate claim that is covered under the terms of the policy. d. the rate of return on a policy. D. Promptly forwarding premiums to the insurance company, audio not yet available for this language, {"cdnAssetsUrl":"","site_dot_caption":"Cram.com","premium_user":false,"premium_set":false,"payreferer":"clone_set","payreferer_set_title":"General Insurance Exam Simulator","payreferer_url":"\/flashcards\/copy\/general-insurance-exam-simulator-5554536","isGuest":true,"ga_id":"UA-272909-1","facebook":{"clientId":"363499237066029","version":"v12.0","language":"en_US"}}. It is a period during which payments into the annuity grow tax deferred. 19. group coverage IS NOT . 1 . 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. Option Contract Overview & Components | What is an Option Contract? Constructive Notice in Real Estate Overview & Law | What is Constructive Notice? 190 lessons These frequently asked SQL questions are given with the correct choice of answer among multiple options. The agency may not investigate an individual who is not designated as an MLO. The insurer credits the cash value in the policy with a current interest rate. C. Offering additional coverage to his client. A salaried individual manages a condominium building and rents units 3month to 6month periods. Upon application for a life insurance policy containing accelerated LTC benefits. Private insurers may be authorized to transact insurance by state insurance departments. A user has a license for Office 365 Enterprise E1 assigned directly, with all the plans enabled. Real Estate Express & Implied Agency | What are Express & Implied Agency? The concepts I have learned in this course will not only help me in my future work, but have also given me extremely useful life knowledge to apply to my per Insurance contract special characteristics they are conditional contract, a contract involving fortuitous evens and the exchange of unequal amounts, a contra Lindell, Perry and Prater define risk as the possibility that personnel, property or resources could be impacted in a negative way (2007). It is intended to provide coverage on a date earlier than the date of the issuance of the policy. A. 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. 10 days In the Microsoft 365 admin center, go to the Active groups page (underneath "Groups" in the left-hand navigation) and select Add a group. What documentation grants express authority to an agent? Lien Theory State vs. I feel like its a lifeline. Select the box to see a list of all groups with errors. A. the word carries the same meaning in both the English and German languages. There are a few rules that Bob and the managing partners of the other agencies must follow. A Certificate of Authority will not be issued to a foreign or alien insurance company 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. An error occurred trying to load this video. Because Audio Conferencing is dependent on Skype for Business, for any users with Audio Conferencing assigned, group-based licensing converts the Office 365 E3/E5 licenses to direct license assignment. Depending on what steps you've taken to resolve the errors, it might be necessary to manually trigger the processing of a group to update the user state. Whether an insurable interest exists between the individuals. It is in widespread usage on the World Wide Web due to its wide support and portability between applications and operating . This memorandum surveys U.S. economic sanctions and anti-money laundering ("AML") developments and trends in 2022 and provides an outlook for 2023. To create a Microsoft 365 group: 1. D. Something of value exchanged between parties. To see how many licenses are available, go to Azure Active Directory > Licenses > All products. b. Browse Covers | YourCover backing tracks in MP3 format. 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. What is the requirement of state statute, in order for the Commission to action a proposal? Only sales or broker associates, employed by a owner developer can receive a group license. C. It is equivalent to an insurance license. What implications may this have for Partners X and Y? The trust that a client places in the producer in regard to handling premiums. The other insurer is called the "Assuming insurer.". 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. If only one party to an insurance contract has made a legally enforceable promise, what kind of contract is it? (Paying off debt) What type of insurance would be most affordable and still provide a death benefit should one of them die? Which of the following would be considered a nonmedical insurance application? 1)Option b 2)Option b . Which of the following statements is false with respect to . Please note that you will not receive a response to this feedback. Certificates of Authority are renewed biennially by May 1, Which of the following statements is correct regarding cease and desist orders? All books and records pertaining to an MLO's operation must be made available upon request. Which of the following is an example of an agent's fiduciary responsibilities? It was released as the second single from the album in 2005. (The originating company that procures insurance on itself in another insurer is called the "Ceding insurer." Braggs himself does not require any permit to sell his properties. Coverage ends and the policy cannot be reinstated. Have a great time ahead. The planned premium pays for mortality charges and expenses and any excess is returned to the policyowner. Which statement regarding insurable risks is NOT correct? What does "level" refer to in level term insurance? He wanted to have the flexibility to move sales associates and broker associates to each of his many developments. A group license is done so that an owner or developer can move sales personnel around to different developments to sell homes or condos. Updating license assignment on a user causes the proxy address calculation to be triggered, which can change user attributes. Use evidence from your study of this Topic to support your answer. A. b. assumes a portion of the risk from another insurer. d. Louder than. 1. Draw a graph to illustrate your answer. A. \hline 2003 & 1.03 & 4.02 \\ B. One member must be a current member of the FREC, c. One member may be a previous Commission member. Estate for Years: Overview & Examples | Estate for Years in Real Estate Definition, How the Statute of Frauds Applies to Real Estate Transactions. lessons in math, English, science, history, and more. Cram has partnered with the National Tutoring Association, Risky Management: Homeland Security And Homeland Defense, Advantages And Limitations Of The Reinsurance Contract. The DBPR will issue a pseudo license number. A live proctor will monitor you. Use LEFT and RIGHT arrow keys to navigate between flashcards; Use UP and DOWN arrow keys to flip the card; Which Insurance principle states that if a policy allows for greater compensation than the financial loss incurred, the insured may only receive benefits for the amount loss? B. Upfront license payments . C. to German speakers, angst is equivalent to . 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. The paid-up addition option uses the dividend To purchase a smaller amount of the same type of insurance as the original policy. is already being used" error message in Exchange Online, how to connect to Exchange Online by using remote PowerShell, how the proxyAddresses attribute is populated in Azure AD. Some Microsoft Online products you might own are add-ons. (The principal grants authority to an agent through the agent's contract.). Which of the following is a feature of a variable annuity? 1 to part 740 of the EAR): ( i) License Exception LVS ( 740.3 of the EAR); ( ii) License Exception TMP ( 740.9 of the EAR); A. A. Making derogatory oral statements about another insurance financial condition. A. All costs are controllable at some level within a company. What are the two components of a universal policy? For example, if you use both Office 365 Enterprise E1 and Office 365 Enterprise E3 for your users, you can create two groups to license Microsoft Workplace Analytics: one that uses E1 as a prerequisite and the other that uses E3. 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. B. 4. A spouse was granted a temporary license for her deceased husband's agency on March 1. A Development of standards. What else must he include? A, C, D are characteristics as defined by NIST; cloud computing enables pay-as-you-pricing and does not involve paying for licenses upfront. If you need assistance, please submit your question by, Department of Business and Professional Regulation Page. 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. a. Construct and interpret a scatterplot of a 10-year treasury yield against a 3-month yield. A developer purchased a tract of land and subdivided the property into Individual lots. Which of the following statements is true regarding a plumber who has been appointed by a court to appraise a small business? For example, consider a group that has Office 365 E3/E5 assigned with a Skype for Business service plan enabled. A) XYZ must issue the policy. B. What type of annuity contract could your client obtain? In recent years, ethanol production has increased rapidly. The authority granted to an agent through the agent's contract is referred to as. D. It is issued by the state department of insurance. It is usually de 1. An employee is insured under her employer's group life plan. 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. Less than. B. To properly obtain a group license, Braggs and his associates need to do a few things. What happens to the license status? 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. You need to either purchase more licenses for the product or free up unused licenses from other users or groups. Participate in the planning and implementation of laboratory exercises and experiments; implement new or modified policies and procedures . 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. Which statement below is NOT correct regarding a highly available system? What is group-based licensing in Azure Active Directory? B. B. The above question Which of the following is NOT true regarding a Certificate of Authority?, Was part of Insurance MCQs & Answers. Assigning licenses to a group in Azure Active Directory, How to migrate individual licensed users to group-based licensing in Azure Active Directory, How to migrate users between product licenses using group-based licensing in Azure Active Directory, Azure Active Directory group-based licensing additional scenarios, PowerShell examples for group-based licensing in Azure Active Directory.
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