Massachusetts Bundled Exams 2024/2025 with complete solution

"No Gain No Loss" - a replacing policy pays for ongoing claims under the policy it replaces Absolute Assignment v. Collateral Assignment - - absolute: a permanent and irrevocable transfer - collateral: a temporary and/or revocable transfer of benefits (collateral for debt) Accidental Bodily In...

Business Continuation Plans - Answer-continue the operation of the business in the event of a disabling sickness to a business owner or key employee Absolute Assignment v. Collateral Assignment - Answer-- absolute: a permanent and irrevocable transfer - collateral: a temporary and/or revocable tr...

Bundle of Rights - included in ownership of realty Assignment - transfer for the entire balance of the term of the lease of the whole or a part of the leased premises 4 elements of value - utility, scarcity, demand, transfer-ability. adjustable rate mortgage - allows for periodic adjustment of t...

Licensing Requirement: License Term and Renewal 87XX - 1. Individual license: A. Original: 2 yrs from licensee's next bday after issue B. Renewal: every 2 yrs on licensee's bday C. Business (CSAP) License: Valid for 2 yrs from date of issue and are renewable every 2 yrs 2. Business (CSAP) lice...

Which of these is an accurate statement regarding the fixed period settlement option on a life insurance policy? - A portion of the payments paid to the beneficiary comes from interest calculated on the proceeds of the policy A life insurance policy that includes a return of premium rider will pa...

Elements of a legal contract - Answer-1. Agreement 2. Consideration 3. Competent Parties 4. Legal Purpose Fraud - Answer-Deliberately deceiving. Actual Cash Value (ACV) - Answer-Replacement cost minus Depreciation. Can be determined by age and quality. Adhesion - Answer-Drafted by insurer, acce...

Tissue gas is caused by what type of bacteria? - Clostridium perfringens bacteria Arteries carry blood _______ from the heart? - Away How do you close the eyes? - caps, cotton or glue How do you dispose of broken glass? - sharps container or throw away How do you do a heart tap? - Pierce right s...

A combination waste-and-vent system is limited to the installation of - floor drains and sinks A permit from the _________ & ________ shall be obtained for the installation of an unvented gas fired space room heater. - Fire Dept. & Gas Inspector 1. Any structure, in which a building drain is inst...

What is a space cushion? - Answer-An open area you keep around your car What does an orange sign stand for? - Answer-Construction How many feet should you park from a fire? - Answer-800 feet The kind of turnabout that you make when there are no driveways, traffic is very light, and the road has ...

Legal Contract - Consideration, Legal Purpose, Offer (Made by Insured), Acceptance, Competent Parties A commissioner must give how many days advance notice of a hearing? - 21 Days (Guaranteed Association) Maximum benefits for any one life- Life insurance cash values - $100,000 (Guaranteed Assoc...

Cellulite - Deposits of fat water and waste materials trapped between skin fibers. Bacterial infection - Type of post operative complication that develops when microbes invade an injured, open or wounded part of the body. Affusion therapy - Balneotherapy, jet blitz, Vichy shower Algotherapy - Th...

Most motorcycles use convex mirrors. How are these different from regular mirrors? - Answer-Objects in convex mirrors appear farther away then they really are Riding between lanes of traffic is - Answer-prohibited at all times Before pulling off the road, it is important to check - Answer-if the ...

A large triangular muscle that covers the shoulder joint that allows arm to extend outward to the side of the body is - Deltoid A chain of five or more salons owned by one individual or two or more partners is called a - Independent chain salon A chemical mixture of concentrated protein and is u...

You will not be pulled over during the first ____ hour of curfew unless your'e doing something else wrong. This is called ________ _________. - Answer-half; secondary enforcement Explain the meaning of a red light - Answer-stop and wait for a green light or to turn right 800 foot minimum is used...