Net worth requirement - Study guides, Class notes & Summaries

Financial Services Commission The governor and cabinet who select two officials to regulate banking, securities, and insurance Division of Finance Department responsible for licensing, examining and regulating non-depository financial services companies in Florida Bureau of Finance Regulation Conducts examinations of the books and records of mortgage brokers, mortgage brokerage businesses and mortgage lenders to ensure compliance Bureau of Money Transmitter Regulation Co...

FIN3703 Assignment 2 (COMPLETE QUESTIONS & ANSWERS) Semester 2 2024 - DUE 7 September 2024 ;100 % TRUSTED workings, Expert Solved, Explanations and Solutions. For assistance call or W.h.a.t.s.a.p.p us on ...(.+.2.5.4.7.7.9.5.4.0.1.3.2)........... Dalton Ltd – is the third largest South African manufacturer of high-quality JoJo tanks with its head offices situated in Midrand. The company owns four branches: one in Naturena, the second in Ennerdale, the third in Pachuca and the fourth in Roodep...

If a prospective client wanted to know what type of investment strategies are employed by an investment advisor, that information would be found in the adviser's A. Form ADV Part 1A B. Form ADV Part 1B C. Form ADV Part 2A C. Form ADV Part 2B correct answersC If an IA registers with the state in November, when does the registration come up for renewal? correct answersDecember 31st of that same year Which of the following would an Adminstrator consider to be a substantial prepayment o...

According to the Securities Exchange Act of 1934, which of the following is NOT required to be included on the confirmation for a bond trade? ☑: Disclosure of the bond's rating Although a bond's rating is not required to be included on a confirmation, if the bond is unrated, this fact must be disclosed. A bond's price and its yield-to-maturity at the time of the trade must be disclosed on a confirmation. A registered investment adviser is normally required to post a surety bond to s...

Name Clas Dat : s: e: CHAPTER 01—THE BUSINESS OF BANKING 1. A bank is a not-for-profit organization. a. b. True False False 1 BNKG.CFFT.3.LO: 1.1.1 - LO: 1.1.1 ANSWER: POINTS: LEARNING OBJECTIVES: 2. All federally chartered banks must be corporations. a. True ANSWER: POINTS: LEARNING OBJECTIVES: b. False True 1 BNKG.CFFT.3.LO: 1.1.1 - LO: 1.1.1 3. Commercial banks offer their services only to businesses. ANSWER: POINTS: LEARNING OBJECTIVES: 5. Issuing credit cards is ...

Insurance (General concept) - ANSWER - transfers the risk of loss from an individual to an insurer - based on the principle of indemnity - based on the principle of risk (risk pooling) insurable interest (General Concept) - ANSWER - must exist at the time of the application - insuring one's own life, family member, or a business partner Solicitation and sales presentation - ANSWER - illustration- presentation of nonguaranteed elements - buyer's guide is generic information abo...

What is the MAXIMUM penalty for a contractor who undertakes work without the proper class of license? - $500 fine per day for each day of violation plus penalties for a misdemeanor. All Class A contractor licensure applications MUST include - information on the knowledge, skills, and abilities of the applicant. What is the PRIMARY purpose of licensing? - Protect the health and welfare of the public. When a claimant is paid funds from the Contractors Recovery Trust Fund - the contractor...

What is the MAXIMUM penalty for a contractor who undertakes work without the proper class of license? - ANSWER$500 fine per day for each day of violation plus penalties for a misdemeanor. All Class A contractor licensure applications MUST include - ANSWERinformation on the knowledge, skills, and abilities of the applicant. What is the PRIMARY purpose of licensing? - ANSWERProtect the health and welfare of the public. When a claimant is paid funds from the Contractors Recovery Trust Fund...

Attained Age correct answer: the insured age at the time the policy is issues or renewed cash value correct answer: a policy's savings element or living benefit face amount correct answer: the amount of benefit stated in the life insurance policy fixed life insurance correct answer: contracts that offer guaranteed minimum or fixed benefits deferred correct answer: withheld or postponed until a specified time or event in the future endow correct answer: the cash value of a w...

HRB FINAL EXAM QUESTIONS AND ANSWERS ALREADY PASSED What is the Difference between earned income and unearned income? Earned income is received for services performed. Examples are wages commissions, tips and generally farming and other business income . Taxable income other than that received for services performed. Unearned Income includes money received ro the investment of money or other property, such as interest, dividends, and royalties. It also includes pensions alimony, unemploy...