Michigan property - Study guides, Class notes & Summaries

all of the following statements would be true of TRID except? - ANSWER TRID requires a closing disclosure to be provided to the buyer 2 days before the settlement date. which of the following is not required when recording the deed with the county clerks office? - ANSWER two witnesses which of the following was added to the federal fair housing act in 1988 when it was amended? - ANSWER familial status and handicapped calculate the transfer tax that would be owed in Michigan on the sale ...

Middleton Real Estate Final Exam Questions all of the following statements would be true of TRID except? - ANSWER TRID requires a closing disclosure to be provided to the buyer 2 days before the settlement date. which of the following is not required when recording the deed with the county clerks office? - ANSWER two witnesses which of the following was added to the federal fair housing act in 1988 when it was amended? - ANSWER familial status and handicapped calculate the transfer tax ...

Michigan Property & Casualty Exam (100 OUT OF 100) Questions and Answer Elabirations.

Indemnity - ANSWER-a payment for damages or loss Risk - ANSWER-Uncertainty or chance of loss occurring Pure Risk - ANSWER-Presents the chance of loss with no opportunity for gain Speculative Risk - ANSWER-Presents the chance of loss with an opportunity to gain (Like Gambling) Exposure - ANSWER-a unit of measurement used to determine rates charged for insurance coverages. Hazards - ANSWER-Conditions or situations that increase the probability of an insured loss occurring. Peril ...

Michigan Property & Casualty Insurance Exam Questions and Answers 2024( A+ GRADED 100% VERIFIED).

Michigan Builders License Exam Study Guide Rated A+ What is the first offense penalty for engaging in the practice of residential building without a license? Not less than $5,000 and not more than $25,000 and/or one year in prison. Subsequent violations can extend the prison time to up to 2 years. What is the penalty for engaging in the practice of residential builders license, resulting in a death? Not less than $5,000 and not more than $25,000 and/or four years in prison On your individual ...

Michigan Property & Casualty Exam Latest Update with Verified Solutions FIO (Federal Insurance Office) Monitors insurance industry and identifies issues and gaps in the state regulation of insurers. It also monitors access to affordable insurance by underserved communities and consumers. Insurance Regulation at State Level Insurance industry is regulated primarily at the state level. Legislature writes and passes laws, judicial branch interprets them. Surplus and Excess Insurance In...

5 Broad Categories of Exclusions - Non-accidental losses Losses controllable by the insured Extra hazardous perils Catastrophic losses Property covered, and other policies A binder specifies the premium amount - All of the following statements about binders are true, except Absolute liability - Imposed on defendants engaged in hazardous activities, such as harboring, wild animals using explosives, etc. the injured party does not have to prove negligence Actual cash value - replacement c...

Michigan Property & Casualty Exam Guide Questions and CORRECT Answers Indemnity - Correct Answer- a payment for damages or loss Risk - Correct Answer- Uncertainty or chance of loss occurring Pure Risk - Correct Answer- Presents the chance of loss with no opportunity for gain Speculative Risk - Correct Answer- Presents the chance of loss with an opportunity to gain (Like Gambling) Exposure - Correct Answer- a unit of measurement used to determine rates charged for insurance coverages.

Michigan Residential Builder's License Test Bank|1190 Questions and Answers, 100% Correct| A+ Rated Solution Guide| Latest What is the 1st offense penalty for engaging in the practice of residential building without a license? Not less than $5K and not more than $25K and/or 1 year What is the penalty for engaging in the practice of residential building, resulting in a death? Not less than $5K and not more than $50K and/or 4 years On your individual builder's license application, what...