Acceptance receipt - Study guides, Class notes & Summaries

Summary *2024* LPC Commercial Law & Intellectual Property (CLIP) – BPP Distinction Level Notes & Step-by-Step Exam Solutions What is the difference between unilateral and a bilateral contract? Bilateral - parties assume obligation to each other. Unilateral - 1 party makes an offer for an act to be performed by other party/parties. Relevant statute to put in answer Sale of goods in a B2B context (governed by SGA 1979 and UCTA 1977) -SGSA 1982 For contract terms and exemptions questions T...

5.- Colorado Statutes, Rules, and Regulations Common to All Lines Questions and Answers 100%Pass A producer is required to permit premiums from a trust account to the insurer within how many days of receipt? - Correct Answer ️️ -45 days Which of the following accurately describes the ability of a licensed Colorado resident producer to become licensed in other states? - Correct Answer ️️ -The producer can get a nonresident license in all reciprocal states All of the following woul...

Primerica Practice Exam Test A 75 Questions & Answers 2023 1. An annuity that is purchased with a lump sum premium and whose benefits begin after 12 months is called a: A. Single premium immediate annuity. B. Single premium deferred annuity. C. Level premium variable annuity. D. Flexible premium fixed annuity. - Correct answer-Single premium deferred annuity 2. A technique used to determine the amount of life insurance needed by focusing on the projected earning potential of an insured ...

Can you *barter/sell degrees* - Answer-*NO* = *FELONY* RULE 580 No person, company, or association shall sell or barter or offer to sell or barter any medical degree, podiatric degree, or osteopathic degree, or chiropractic degree, or any other degree which is required for licensure, certification, or registration under this division, or any degree, certificate, transcript, or any other writing, made or purporting to be made pursuant to any laws regulating the licensing and registration or...

North Carolina XCEL Testing Life & Health Insurance Exam Study Guide with complete solution Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated: Answer>>1970 - Fair Credit Reporting Act What type of reinsurance contract involves two companies automatically sharing their risk exposure? Answer>>Treaty What is the name of the law that requires insurers to disclose information gathering practices and where ...

Agreement (Offer and acceptance) an offer, followed by an acceptance. The application and initial premium, if collected from the proposed insured is the offer, and the insurance company approving the application and issuing a policy is the acceptance. Consideration The exchange of something of value for a service, such as the exchange of premiums for insurance coverage. Competent Parties Have legal capacity to enter into a contract. Parties to a contract must be of legal age, sa...

RMIN 4000 Test 3 Brown Latest Version Already Passed Principal of Indemnity insurer pays no more than actual amount of the loss; insurer should not profit from the loss Replacement cost the cost to replace an inventory item in its identical form (similar workmanship and quality) Actual Cash Value replacement cost - depreciation in property ins, usually based on the actual cash value of the property at the time of loss Market Value the price at which property would sell Val...

CCLE: CA State licensing test latest update graded A+ Can you *barter/sell degrees* *NO* = *FELONY* RULE 580 No person, company, or association shall sell or barter or offer to sell or barter any medical degree, podiatric degree, or osteopathic degree, or chiropractic degree, or any other degree which is required for licensure, certification, or registration under this division, or any degree, certificate, transcript, or any other writing, made or purporting to be made pursuant to any laws reg...

CDFM - Module 3 Final Exam | Updated Questions With Answers 2024 Rated 100% • What are the three tests that must be met for use of the Necessary Expense doctrine? - Correct Answer Must bear a logical relationship Not prohibited by law Not funded elsewhere (p 3.1.17) Who grants relief of liability to a certifying officer for erroneous or illegal payments in the Department of Defense? - Correct Answer The Defense Finance and Accounting Service (*DFAS*) (p. 3.1.51) What type of ...

Insurance transaction includes: -ANSWER By mail or other means: - Solicitation - Negotiation - Sale - Advising an individual about coverage Elements of a legal contract -ANSWER -Agreement (offer and acceptance) - Consideration - Competent parties - Legal purpose - Negotiation does NOT need to happen Who make the offer in an insurance application -ANSWER - Applicant When does acceptance take place -ANSWER - An insurers underwriter approves the application and issues a policy ...