Tennessee State Exam RE Exam (elaborations) Tennessee insurance test Exam (elaborations) Tennessee Life - Final Exam Exam (elaborations) Tennessee Law Supplement Practice Exam Exam (elaborations) Tennessee History Final Exam Exam (elaborations)

What is an acquisition agent? - Answer- People who solicit others to attend a presentation When does your license expire? - Answer- 2 years from the date of issuance What are the powers of the commission? - Answer- The can fine you, suspend your license, or refer you to court. If your licen...

The opening of a new shop must... - Answer- Pass an inspection Carbuncle - Answer- Cluster of boils Chloasma - Answer- Liver spots The board may suspend, revoke, or refuse to issue or renew any license - Answer- If receiving payment for assuring that any incurable disease could or can be cu...

Regulatory Powers - Answer- Enable the agency to pass specific regulations and rules to support the administration of the license law Judicial Powers - Answer- Enable it to conduct hearings and investigations into the activities of licensees and to rule on license suspensions or revocations Ad...

A corporation is - Answer- a legal entity that can buy and sell real estate as set out in its charter. Ownership in severalty is - Answer- property owned by one individual or corporation. A house is owned by three joint tenants, and one of the owners, as permitted by state law, sells that inte...

What are the 4 elements of an insurance contract? - Answer- The elements of this are: Agreement - Offer and Acceptance Consideration Competent Parties Legal Purpose How can an insurance company use the information it obtains from the MIB? - Answer- The information from this can be used to con...

C. 30 - Answer- The Commissioner must provide a person subject to an investigation a copy of the complaint which initiated the investigation within _______ days of receiving the complaint. A. 14 B. 21 C. 30 D. 31 C. Business entity - Answer- A corporation, association , partnership, limited l...

Major medical policies typically - Answer- contain a deductible and coinsurance The reason for backdating a policy is - Answer- to obtain a premium rate based on an earlier age Any changes made on an insurance application requires the initials of whom? - Answer- applicant which of these is ...

Which of the following was NOT. native American Indian tribe in Tennessee - Answer- Sioux The Woodland Indians were known for - Answer- burial mounds What best describes the Native American approach to private property? - Answer- They had no concept to private property Which tribe had the g...

Which of the following does an appointed insurance producer represent in an insurance transaction? A) Policy owner B) Insurer C) State of Tennessee D) Broker - Answer- B) Insurer The Commissioner of Insurance has the authority to do all of the following EXCEPT A) revoke a producer's licen...

Which statement is true in regards to a policy loan? - Answer- Past-due interest on a policy loan is added to the total cost An individual who purchases a life annuity is given protection against - Answer- the risk of living longer than expected A trustee-to-trustee transfer of rollover funds ...

30 Days - Answer- Notice of investiagtion must be sent within _______ days of recept of complaint. 14 Days - Answer- Commissioner must provide ______ days' notice of intent to take testimony 30 days - Answer- Parties are notified within _______ days of completing or closing investigation. ...

Who of the following is required to have a real estate license? - Answer- B. Neighbor helping an owner sell his house in exchange for the seller's sewing machine How often does the Tennessee Real Estate Commission (TREC) meet? - Answer- D. Once a month for up to three days a month In Tennesse...