Arkansas statutes - Study guides, Class notes & Summaries

Debtor - ANSWER-Borrower of funds Endowment Contract - ANSWER-Type of whole life policy that matures early (before insured's age 100) Industrial Life Policy - ANSWER-A life insurance policy written with the face amount of no more than $1,000 Integrity of Contract - ANSWER-States that the policy and the application constitute the entire contract between the parties, and all statements in the applications are considered representations, and not warranties. Alteration of a Contract - A...

Creditor - ANSWER Lender of funds Debtor - ANSWER Borrower of funds Endowment Contract - ANSWER Type of whole life policy that matures early (before insured's age 100) Industrial Life Policy - ANSWER A life insurance policy written with the face amount of no more than $1,000 Integrity of Contract - ANSWER States that the policy and the application constitute the entire contract between the parties, and all statements in the applications are considered representations, and not warran...

99no more than $1,000 Maturity Date - ANSWER The date when the final payment on a loan becomes due and payable Nonforfeiture Values - ANSWER Benefits in a life insurance policy that the policyowner cannot lose Participating Policies - ANSWER Policyowners are entitled to return of dividends Policy Proceeds - ANSWER In Life Insurance, the death benefit Free-look Period - ANSWER is 10 days The Arkansas Nonforfeiture Law does not apply to the following 4 circumstances... - ANSWER 1...

99no more than $1,000 Maturity Date - ANSWER The date when the final payment on a loan becomes due and payable Nonforfeiture Values - ANSWER Benefits in a life insurance policy that the policyowner cannot lose Participating Policies - ANSWER Policyowners are entitled to return of dividends Policy Proceeds - ANSWER In Life Insurance, the death benefit Free-look Period - ANSWER is 10 days The Arkansas Nonforfeiture Law does not apply to the following 4 circumstances... - ANSWER 1...

Integrity of Contract and Alteration of Contract Provision - ANSWER-States that the policy and the application constitute the entire contract between the parties, and all statements in the application are considered representation and not warranties Dividend Provision 3rd policy year - ANSWER-No later than by the end of the _________ year in the participating policies the insurer must annually pay the divisible surplus to the insured. Employee Groups - ANSWER-Policies issued to an employ...

What are the three types of residential construction? Tract homes: model homes, buyers pick floorplan from catalog. Custom homes Speculative homes: Homes built with the assumption that buyers will purchase. What is the national association of Realtors? Largest trade association in the world, it promoted ethics and education in the real estate industry. What does Chapter 475.41 of the Florida Statutes state? No contract for commission is valid unless the agent is licensed. In which ch...

What are the three types of residential construction? Correct Answer Tract homes: model homes, buyers pick floorplan from catalog. Custom homes Speculative homes: Homes built with the assumption that buyers will purchase. What is the national association of Realtors? Correct Answer Largest trade association in the world, it promoted ethics and education in the real estate industry. What does Chapter 475.41 of the Florida Statutes state? Correct Answer No contract for commission is valid...

Real estate sale associate pre license course exam prep (GOLD COAST HIGHLIGHTS) Farming licensee concentrate on one type or style of property or on one particular neighborhood Farm area or target market Finding and specializing in a particular neighborhood or type of property. Considered to be one of the best ways to succeed in the real estate business Tract building When a developer acquires a large tract of land, records a subdivision plat map, and uses a model center from which ...

Gold Coast Real Estate: Chapter 2 Already Graded A 1919: ️California enacted the first real estate license law 1923: ️Florida enacted first real estate license law. Ineffective because expensive & time consumption. 1925: ️FREC was created to administer & enforce law. 1941: ️Real estate license law was designated as chapter 475 of Florida Statutes 1979 & 1982 ️FREC was taken out then Reinstated 1988: ️FS 475 was going under modification, while postlicensing requirements ...

Gold Coast Real Estate Chapter 2 Questions With 100% Correct Answers 2023 1919: California enacted the first real estate license law 1923: Florida enacted first real estate license law. Ineffective because expensive & time consumption. 1925: FREC was created to administer & enforce law. 1941: Real estate license law was designated as chapter 475 of Florida Statutes 1979 & 1982 FREC was taken out then Reinstated 1988: FS 475 was going under modification, ...