What is an advance dep - Study guides, Class notes & Summaries

Insurance Final Exam Testbank Questions and Answers If the premiums for a policy will be increased by more than 15 percent, how much warning must the insured get? 45 days. A notice of increase in premiums that exceeds 15% of the current policy's premium must be delivered or mailed to the insured at least 45 days before the effective date of such termination or change. What is the max period of time a temp license can be in force? 15 months. A temp license is good for 6 months and can be r...

CLFP EXAM - Equipment Lease and Financing Documentation What is a Lease a document? - Correct answer-A lease is a basic document by which a lessor agrees to provide equipment or other personal property or rights to a lessees in return for rental payments. What are Lease Exhibits document? - Correct answer-Also referred to a "schedules" are used if the description of lease property is too lengthy to fit into the space allotted on the lease. Often wise to have lessee initial all exhibits....