Vacancy and credit loss - Study guides, Class notes & Summaries

NC Life Exam Questions With 100% Correct Answers 2024 Post-tax dollar contributions are found in: - answerRoth IRA investments How do life insurance companies handle cases where the insured commits suicide within the contract's stated Contestable period? - answerClaims are denied under the Suicide clause of the policy Variable Whole Life Insurance can be described as: - answerboth an insurance and securities product An agent gives a conditional receipt to a client for an insurance polic...

NC Life Exam Questions With 100% Correct Answers 2024 Post-tax dollar contributions are found in: - answerRoth IRA investments How do life insurance companies handle cases where the insured commits suicide within the contract's stated Contestable period? - answerClaims are denied under the Suicide clause of the policy Variable Whole Life Insurance can be described as: - answerboth an insurance and securities product An agent gives a conditional receipt to a client for an insurance polic...

A - UTAH: A person applying for an adjuster's license in Utah must (BSPEBS): - Answer * Be at least 18 years old * SSN * Personal History * Experience * Business Record * Submit a non-refundable fee B - UTAH: A non-resident agent (a new agent) moving into Utah must apply within __________ days to become a resident licensee. - Answer 90 C - UTAH: Qualifications: A licensee must - - Answer * At least 18 years old * Good faith * No controlled business * No grounds for denial, suspens...

Property and Casualty License in Arkansas Verified Answers What is Insurance? ️Transfers the risk of loss from individual to insurance co. What is Risk? ️Chance of loss occuring What are 3 types of Hazzards? ️Physical, Moral, Morale What is a Peril? ️Causes of loss insured against What does Indemnify mean? ️Right for Reimbursement but only to the extent of the loss. Cannot gain from loss. Define Subrogation ️Right to seek damages from 3rd party so that the insured cann...

The redemption value of an open-ended investment company's shares is based on the: - ANSWER-Net assest value computed afdter the order is recieved An associated person who is not a registered representative is permitted to engage in which of the following activities? - ANSWER-Provide account opening forms to a new customer A decline in the gross domestic product (GDP) must last for at least how many quarters to be considered a recession? - ANSWER-2 quarters When is interest on Treasury...

NC Life Exam Questions With 100% Correct Answers 2024 Post-tax dollar contributions are found in: - answerRoth IRA investments How do life insurance companies handle cases where the insured commits suicide within the contract's stated Contestable period? - answerClaims are denied under the Suicide clause of the policy Variable Whole Life Insurance can be described as: - answerboth an insurance and securities product An agent gives a conditional receipt to a client for an insurance polic...

Idaho Property and Casualty Exam Review Questions Correctly Answered A score If I want Replacement Cost coverage on my $200,000 home, I need to purchase how much insurance? a.$60,000 b.$100,000 c.$160,000 d.$200,000 - 80% of $200,000 is $160,000. The HO only provides Replacement Cost coverage on the structures if they are insured to 80% of value. The correct answer is: $160,000 Water damage to a building resulting from fire fighting efforts is: a.a direct loss indirect loss - dir...

If I want Replacement Cost coverage on my $200,000 home, I need to purchase how much insurance? a.$60,000 b.$100,000 c.$160,000 d.$200,000 - Answer 80% of $200,000 is $160,000. The HO only provides Replacement Cost coverage on the structures if they are insured to 80% of value. The correct answer is: $160,000 Water damage to a building resulting from fire fighting efforts is: a.a direct loss indirect loss - Answer direct loss A car is destroyed by a hurricane. This is: Select on...

New York All Lines Adjuster Exam with 100% Correct Answers (Graded) DP - valuation - ANSWER-DP-1 - ACV building & contents DP-2/3 - RCV building & ACV contents DP - limit for fair rental value - ANSWER-20% of A DP - coverages (A-E) - ANSWER-A - dwelling B - other structures C - personal property D - fair rental value E - additional living expense DP - limit for additional living expenses - ANSWER-DP-1 - NONE DP-2/3 - 20% of A DP - Property removed is covered for ___ days. - ANSWER-DP-...

Valuation process A systematic procedure used in the valuation of real property. Client The party or parties who engage, by employment or contract, an appraiser in a specific assignment. Steps in Defining the problem Identification and location of the real estate; Identification of the property rights; Definition of value; Purpose and intended use of the appraisal; Effective date of the opinion of value; Any special limiting conditions Real property The interests, benefits, an...