Misrepresentation - Study guides, Class notes & Summaries

California Optometry Law and Regulations Exam | Latest 2024/2025 Update | Questions and Verified Answers| 100% Correct| Grade A Q: It is prohibited to dispense, prescribe, or sell eyeglasses which are not made of shatter-resistant lenses or non-flammable frames to whom? Answer: Monocular pts Law enforcement Firefighters <18 yo Q: T/F. Polycarbonate lenses are required for monocular pts, law enforcement, firefighters, and kids. Answer: False- No specific requirement fo...

Alpha Phi Alpha risk management | 71 Questions and Answers 100% Correct (A+ Complete Solution guide 2024) The policy that governs expectations regarding behavior is the Personal conduct policy An effective risk management policy has three components. Personal Responsibility, Education, Prevention The guidelines regarding the use of communications tools are contained in the. Electronic Media Usage Policy Who is responsible for implementing risk management protocols? Brothers What is are ...

Well-structured PVL3702 Assignment 2 (ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!). .... Question 1 Answer saved Marked out of 1.00 Flag question Question text Gary points a loaded gun at Pete, and orders him to sign a written contract. Gary explains that the document is for the sale of Pete’s car to him (Gary), at a price of R50 000 which is far below the market value of the car. Pete, fearing for his life, signs the document. Which cause of ...

SI Life Exam Questions and Answers 100% Pass What kind of retirement plan can a 75-employee for profit corporation establish? Simple IRA The taxable portion of a monthly income benefit paid during the annuity phase from a nonqualified annuity is calculated using the Exclusion ratio Unfair claims settlement methods and practices by an insurance company include all of the following acts EXCEPT failure to pay all claims that are reported within 90 days after a loss occurs The settlement option t...

Which of the following has the authority to suspend or revoke a Texas real estate license? - TREC Which of the following is an element of a listing agreement? - the agreement to pay a stated commission, usually a percentage of the sales price the IRS considers which of the following a violation of independent contractor status? - salesperson is told to work set hours, guaranteed a monthly minimum wage, has his licensing fees paid by the broker the TAR buyer representation agreement in or te...

TX ADJUSTER TESTSubrogate Subrogation is the right for an insurer to legally pursue a third party that caused an insurance loss to the insured. This is done as a means of recovering the amount of the claim paid by the insurance carrier to the insured for the loss. - correct answer While investigating a claim, you determine that the loss was caused by a defective mechanism in the dishwasher. You would attempt to_________________________? Appraisal - correct answer What is the process when an i...

Includes the following topics: - Offer. - Acceptance. - Consideration. - Privity. - Intention to create legal relations. - General contract terms. - Consumer contract terms. - Exclusion clauses. - Misrepresentation. - Discharge of a contract: economic duress. - Discharge of a contract: performance. - Discharge of a contract: breach. - Discharge of a contract: frustration.

Peril Correct Answer: Something that causes a loss. Hazard Correct Answer: Something that increases the probability that a loss will occur. Warranty Correct Answer: A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a fact. Misrepresentation Correct Answer: An untrue statement by the insured, made in an application for insurance but which does not become a part of the policy. Concealment Correct Answer: Th...

Who is considered a field underwriter? An agent When must insurable interest exist in life insurance? Application or issue date If no receipt is issued at the time of application, a statement of good health is usually required at the time of? Policy delivery The Medical Information Bureau is?(MIB) a source of medical information to alert insurers to adverse medical history A substandard risk compared to a standard risk would pay? a higher premium Which doc...