Define fiduciary - Study guides, Class notes & Summaries

Fiduciary Standard - correct answer-A legal standard that holds a licensee to the highest ethical standards that the law provides. Compensation Disclosure - correct answer-Institute professionals required to "disclose services to be offered and provided, related charges, and compensation." This principle is intended to define an Institute professional's communication responsibilities relating to the scope and cost of services offered and compensation received therefor. Principle 2 requires ...

AAMS Practice Exam - Questions and Answers An employer plans to use corporate-owned life insurance to informally fund a nonqualified deferred compensation agreement and wants flexibility regarding investment choices. Which one of the following types of life insurance should this employer choose? Variable life insurance The latest economic reports have been gloomy, and the stock market is in a protracted slump. Most of your regular stock customers are selling out their positions. A new client, ...

Each of the following are key characteristics of community associations EXCEPT: a. Mandatory lien-based economic charges or assessments are levied on each owner in order to operate and maintain the community association. b. Membership in the community association is mandatory and automatic for all owners. c. A requirement of community association ownership is serving on the board of directors. d. Certain documents bind all owners to be governed by the community association. - Answer- c. A r...

1. Question: Define ethics and explain the difference between ethics and laws. (1 paragraph--including in-text citations and references in proper APA format) 2. Question: What is the difference between administrative and biomedical ethical issues. (2 paragraphs--including in-text citations and references in proper APA format) 3. Question: List the steps to managers' problem solving methodology? (refer to week 1.) (1 paragraph including in-text citations and references in proper APA format) 4...

M100 Community Association Management Exam Questions with correct Answers Graded A+ 2024 Each of the following are key characteristics of community associations EXCEPT: a. Mandatory lien-based economic charges or assessments are levied on each owner in order to operate and maintain the community association. b. Membership in the community association is mandatory and automatic for all owners. c. A requirement of community association ownership is serving on the board of directors. d. Certain do...

FACHE Weeks 1-12 Combined | 304 Questions and Answers Latest Update 2023/2024 Graded 100%. Separate computer systems are often linked together in order to share data and information. When all components of the network are located within close proximity of one another, perhaps within a single facility, the network known as a: a) Wide Area Network (WAN) FACHE Weeks 1-12 Combined | 304 Questions and Answers 100% Verified Latest Latest Update 2023/2024 b) World Wide Web (WWW) c) Local Area N...

RECA Fundamentals Exam Questions and Answers Already Passed Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) Which of the following will occur to the supply of a good when ther...

Virginia Property and Casualty Insurance Exam Review (Latest 2024/ 2025 Update) Practice Questions and Verified Answers| 100% Correct| Grade A Q: What is high risk coverage purchased from an unauthorized company? Answer: Surplus Lines Insurers Q: How are insurance companies defined? Answer: Where they are located, chartered, or incorporated. Q: What protects policy holders from an insurer's insolvency? Answer: Property and Casualty Insurance Guara...

AIF Training UPDATED Actual Exam Questions and CORRECT Answers In the event of litigation, factors a judge will consider when making a determination of fiduciary status include all the following: - CORRECT ANSWER- 1. Number of implementation options 2. Scope of services 3. Sophistication of client Define Fiduciary - CORRECT ANSWER- A fiduciary is someone who: manages property for the benefit of another; exercises discretionary authority or control over assets; and/or acts in a prof...

How did the enactment of ERISA change the professional liability insurance industry? - ️️Fiduciary liability existed before ERISA. However, this type of insurance was not offered until after ERISA was enacted. ERISA imposed guidelines that increased the potential liability of fiduciaries of employee benefits plans. Consequently the need for this insurance emerged. A person or organization is a fiduciary if that person or organization holds the confidence or trust of another, especially...