Automatic increase option - Study guides, Class notes & Summaries

When should lessor register as foreign corp? Within a state ... Good - stock of them Services offered Inspection or repair of property Office/employees Negotiated contracts What is dode of Hammurabi? - 1750 BC - Acknowledges leasing of personal property in his code of laws - First record of leasing law 01:05 01:36 Early examples of true lease? - Phoenicians shipping experts - charters covered economic life of ships - lessee to assume benefits and obligations of ow...

Defensive Driving Course: Final Exam Which of the following are among the top 4 choice factors that contribute to a rise in roadway deaths in 2015? - Correct answer-Drunk driving, distracted driving, and speeding Speeding was a factor in about what percentage of fatal crashes in 2015? - Correct answer-25% About ____ % of all fatally injured pasengers in passenger vehicles were NOT wearing a seatbelt in 2015? - Correct answer-50% Which of the following is an example of an economic loss? -...

A need to accumulate a capital sum from regular surplus income over a period of time is which type of personal financial need? A Savings B Investment C Protection D Loan : A 1.1 - Main types of personal financial needs The primary financial need of a client in their 60s is likely to be: A savings B investment C protection D loans 2 | P a g e : B 1.3 - Life Cycle Factfinding is also known as: A suitability B know the client C appropriateness D treating the client fairly : B...

Under a traditional IRA, interest is taxed: Only if withdrawn prior to age 59 1/2 According to the capital gains rate Upon distribution During the accumulation phase - ANSWER-Upon distribution Which of these statements concerning Traditional IRAs is CORRECT? Earnings are not taxable when withdrawn Earnings are taxable when withdrawn Contribution are never tax deductible Contributions are always made by the employer - ANSWER-Earnings are taxable when withdrawn Wh...

Entire Contract Provision - ANSWER found at the beginning of the policy, saying that the policy cannot refer to any outside documents as being part of the contract and prohibiting the insurer from making any changes to the policy after it has been issued. (can only make good changes not bad) Insuring Clause - ANSWER sets forth the company's basic promise to pay benefits upon the insured's death. Free-Look Provision - ANSWER gives policyowners the right to return the policy for a full pre...

IASSC LSSGB EXAM - Questions and Answers (Complete Solutions) If the chance that any one of five telephone lines is busy at any instant is 0.01, then what is the probability that all the lines are busy? A. (0.01)^4 B. (0.01)^5 C. (0.01)^6 D. (0.01)^10 N = 5, p = 0.01, x = 5 Apply Standard formula for Binomial Distribution. Thus, option b is the correct answer. Who should complete the control phase after the successful completion and implementation of the first four phases of DMAIC? A. The gree...

Pennsylvania Life Insurance – Provisions Questions and Answers Already Passed Which of these is NOT a typical life insurance nonforfeiture option? Reduced paid-up option Extended term option Cash surrender option Life income settlement option Life Income Settlement Option A life insurance policy's waiver of premium rider has the ability to waive the premium payments in the event the insured becomes financially insolvent waive the premium payments in the event the insured becom...

Additional insured term rider - Whole life to insured, convertible term life riders on family members, or business partners Automatic premium loan rider - if the policy owner does not pay the premium and the grace period expires, the company will automatically make a loan against the cash value to pay the premium. Additional paid-up insurance dividend option (Paid-up additions dividend option) - Dividend used as a single net premium payment on a miniature paid up whole life policy. This i...

Texas Property and Casualty Exam Questions and Answers Verified 100% ____ is uncertainty of loss - risk ____ is a transfer of risk from the insured to the insurer - insurance ____ risk means there is no chance of gain. It is insurable. - pure ____ risk means there is a chance of a loss or a gain. It is not insurable. - speculative a ____ is something that increases the risk. - hazard the principle of _____ governs property and casualty policies. It states that the purpose of th...

NC LIFE insurance state exam questions and answers 100% pass CREDIT LIFE a special type of coverage written to the life of the debtor and pay off the balance of a loan in the event of the death of the debtor. BUY-SELL AGREEMENTS a legal contract that determines what will be done with a business in the event that an owner dies or becomes disabled. Otherwise known as a business continuation agreement INSURABLE INTEREST to purchase insurance the policy owner must face the possibility of losing mo...