Cmca insurance exam 2023 - Study guides, Class notes & Summaries

CMCA Practice Exam Questions And Answers 2023, Complete Solution A Quorum requirements conflicts are resolved by: a. state statute b. the board of directors c. a vote of those present at a meeting d. appointment of a person as a proxy D Fidelity insurance provides coverage to ensure that the: a. board will meet its fiduciary obligations. b. manager will faithfully follow all document provisions. c. association will be covered for shortfalls in the reserve accounts. d. association w...

Risk Management - ANSWER The process of making and carrying out decisions that will minimize the adverse effects of accidental losses upon the community association. Contractual transfer - ANSWER Involves entering into a contract that will, among other things, transfer the community association's legal responsibility for any loss. Exposure avoidance - ANSWER Avoiding circumstances that would expose the community to certain types of loss. Loss prevention and reduction - ANSWER Taking st...

CMCA EXAM 2023 REAL EXAM 170 QUESTIONS ANDCORRECT ANSWERS(VERIFIED ANSWERS)|AGRADE Why are special membership meetings held? - ANSWER- To conduct specific business Executive sessions should typically be used for discussing which of the following issues: - ANSWER- Member's delinquency Which of the following is a duty of a manager attending a board meeting? - ANSWER- Be the time keeper. If the governing documents and laws present conflicting notice periods, follow: - ANSWER- State laws...

CMCA EXAM 2023 REAL EXAM 170 QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |A+GRADE Why are special membership meetings held? - ANSWER- To conduct specific business Executive sessions should typically be used for discussing which of the following issues: - ANSWER- Member's delinquency Which of the following is a duty of a manager attending a board meeting? - ANSWER- Be the time keeper. If the governing documents and laws present conflicting notice periods, follow: - ANSWER- State...

CMCA PRACTICE EXAM Q&A WITH COMPLETE SOLUTION 2022/2023   CMCA PRACTICE EXAM Q&A WITH COMPLETE SOLUTION 2022/2023 Preparing a bid request includes which of the following: A. Verifying References. B. Identifying potential contractors. C. Recommending a contractor to the board. D. Verifying contractor insurance. Legal review prior to executing a contract will assist the association in the event that: A. A subcontractor is used. B. A performance bond is required. C. There is a budgetary shortfall...

CMCA Practice Exam Questions And Answers 2023, Complete Solution A Quorum requirements conflicts are resolved by: a. state statute b. the board of directors c. a vote of those present at a meeting d. appointment of a person as a proxy D Fidelity insurance provides coverage to ensure that the: a. board will meet its fiduciary obligations. b. manager will faithfully follow all document provisions. c. association will be covered for shortfalls in the reserve accounts. d. association w...

CMCA Practice Exam | 150 Questions with 100% Correct Answers LATEST UPDATE 2023|2024 GRADED A+ Quorum requirements conflicts are resolved by: a. state statute b. the board of directors c. a vote of those present at a meeting d. appointment of a person as a proxy Correct Answer: A Fidelity insurance provides coverage to ensure that the: a. board will meet its fiduciary obligations. b. manager will faithfully follow all document provisions. c. association will be covered for shortfa...

CMCA PRACTICE EXAM QUESTIONS 2023 Preparing a bid request includes which of the following: A. Verifying References. B. Identifying potential contractors. C. Recommending a contractor to the board. D. Verifying contractor insurance. B Legal review prior to executing a contract will assist the association in the event that: A. A subcontractor is used. B. A performance bond is required. C. There is a budgetary shortfall. D. The board has questions or concerns. D Rather than describin...

CMCA PRACTICE EXAM QUESTIONS 2023 Preparing a bid request includes which of the following: A. Verifying References. B. Identifying potential contractors. C. Recommending a contractor to the board. D. Verifying contractor insurance. B Legal review prior to executing a contract will assist the association in the event that: A. A subcontractor is used. B. A performance bond is required. C. There is a budgetary shortfall. D. The board has questions or concerns. D Rather than describin...

CMCA Practice Exam(Answered)2023 Quorum requirements conflicts are resolved by: a. state statute b. the board of directors c. a vote of those present at a meeting d. appointment of a person as a proxy Fidelity insurance provides coverage to ensure that the: a. board will meet its fiduciary obligations. b. manager will faithfully follow all document provisions. c. association will be covered for shortfalls in the reserve accounts. d. association will recover any funds lost through em...