Alabama license law 100 - Study guides, Class notes & Summaries

Alabama Life and Health Insurance Exam Solved 100% Correct!! a predetermined limit. Insurance is a method risk is transferred to an insurer for consideration up to 1. spouses in each other 2. parents in their children 3. creditors in their debtors Which of the following would be considered proper establishment of insurable interest in the life insurance area? It is called the mortality rate Which of the following statements about the average number of people who die each year is true? ...

ALABAMA LIFE INSURANCE EXAM 2 2024 WITH 100% CORRECT ANSWERS UPDATED Dividend options are defined as ways in which the policy owner can: - ANSWERS receives dividends paid on any stock held A life insurance company may pay a death claim for less than the face amount of a policy under which of the following conditions? - ANSWERS All of the above Which policy will have immediate cash? - ANSWERS single premium The process of underwriting primarily involves what two key steps? - ANSWERS ris...

Real estate sale associate pre license course exam prep (GOLD COAST HIGHLIGHTS) Questions and Answers 100% Pass Farming - Answer- licensee concentrate on one type or style of property or on one particular neighborhood Farm area or target market - Answer- 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 - Answer- When a developer acquires a large tract of land, records a ...

ALABAMA LIFE INSURANCE EXAM 2 2024 WITH 100% CORRECT ANSWERS UPDATED Dividend options are defined as ways in which the policy owner can: - ANSWERS receives dividends paid on any stock held A life insurance company may pay a death claim for less than the face amount of a policy under which of the following conditions? - ANSWERS All of the above Which policy will have immediate cash? - ANSWERS single premium The process of underwriting primarily involves what two key steps? - ANSWERS ris...

Alabama Insurance Law Questions and Answers Rated A+ The Commissioner of Insurance for Alabama is appointed by the governor The Commissioner of Insurance may do all of the following except change insurance laws for the good of the general public 3. The Commissioner, upon written demand by a person aggrieved, must hold a hearing within 30 days after receipt of the demand In Alabama, the minimum capital required to form and organize a new domestic stock life insurance is $1,000,000 An applican...

ALABAMA LIFE INSURANCE EXAM 2 2024 WITH 100% CORRECT ANSWERS UPDATED Dividend options are defined as ways in which the policy owner can: - ANSWERS receives dividends paid on any stock held A life insurance company may pay a death claim for less than the face amount of a policy under which of the following conditions? - ANSWERS All of the above Which policy will have immediate cash? - ANSWERS single premium The process of underwriting primarily involves what two key steps? - ANSWERS ris...

Alabama Real Estate License Law 100% SOLUTION PASS AREC must give __?____ days notice of the hearing? - ANSWER 15 days How many days does AREC have to give before their decision is stated? - ANSWER 30 days Following a hearing, How many days does the licensee have to decide if they will accept the decision of AREC or appeal it? - ANSWER 30 days Net sheet--must be provided to the principal the licensee represents/assists with each offer or counteroffer - ANSWER Estimated closing stat...

"To uphold, protect, and promote the public interest, which embraces the interests of regulated licensees and entities and the interest of consumers, by the fair and impartial development and administration of licensing laws and regulations." - ANSWER-Alabama Real Estate Commission Mission Statement Protect consumers from unprofessional practices. - ANSWER-What is the primary purpose of license laws? Buyers, Sellers, Tenants, and Land/Building Owners - ANSWER-Who does license law protect...

Real estate sale associate pre license course exam prep (GOLD COAST HIGHLIGHTS) Questions and Answers 100% Correct Farming - Correct Answer ️️ -licensee concentrate on one type or style of property or on one particular neighborhood Farm area or target market - Correct Answer ️️ -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 - Correct Answer ️️ -When a devel...

GOLD COAST Real Estate 100% SOLUTION 2023//2024 Farming - ANSWER licensee concentrate on one type or style of property or on one particular neighborhood Farm area or target market - ANSWER 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 - ANSWER When a developer acquires a large tract of land, records a subdivision plat map, and uses a model center from which sale...