Producers license - Study guides, Class notes & Summaries

Washington State Property & Casualty Insurance Exam 100% correct answers Authorized Insurer An insurer that has qualified and received a Certificate of Authority from the Department of Insurance to transact insurance in the state. Contact adhesion the accepter of the contract must "adhere" to the written contract inducement An action aimed at persuading insolvent Bankrupt; unable to pay debts. Transacting Insurance Conducting insurance business, such as solicit...

NJ Producers License Study Guide (1) with Latest Questions and Expert Solutions-2024 Abandonment ANSWER When a party in legal possession of property leaves without the intention of reclaiming rights Deed must contain ANSWER granting clause, habenbum clause (assigns forever), Metes and Bounds, Grantor promises, acknowledgement Chapter 7 ANSWER Liquidation bankruptcy Chapter 11 ANSWER Reorganization (Corporate) Chapter 12 ANSWER Reorganization (Farm) Chapter 13 ANSWER Reorganization...

Process 2103 (d-i) Correct Answer: 1. The Superintendent may issue a license to any person, firm or corporation who has complied with the requirements of the Insurance Code, authorizing the licensee to act as agent of any authorized insurer. Every individual applicant for a license under this section and every proposed sub-licensee must be 18 years of age or older at the time of issuance of such license. The person must submit to and pass a written examination required by the Superintendent. ...

A title insurance company or a title insurance agent may perform all of the following except: - pay part of their fees to a real estate agent The following is true of an appurtenant easement. - It runs with the land. An Owner's Policy does insure - there is a right of access to and from the real estate An Owner's Policy excludes from coverage: - rights of the government to appropriate land for a highway A Loan Policy does not insure the lender that: - the mortgage debt will be paid by ...

Michigan Life and Health Final Exam Actual Questions and Answers 100% Correct What amount will be paid under a policy where the insured misstated his/her age? ANS-an amount the premium would have purchased at the correct age the acceptance of a credit life application requires the submission of a certificate of insurance to the insured within_____ days ANS-30 days which of these is considered to be a Living benefit option in a life insurance policy ANS-Accelerated death benefit loans o...

Which one of these is a reason that sureties face significant hazards on reclamation, mining, and removal bonds? - long-tail liability Which one of these statements about handling reclamation, mining, and removal bond claims is true? - Courts seldom rule in favor of sureties. Which one of these is the second phase of the reclamation process? - Revegetation Which one of these statements about surface or strip mining bonds is true? - The mining permit process is time consuming and expensive....

Examination for Missouri Insurance Producer's License questions and answers rated A+ 2024/2025

ISO Insurance Service Office To be licensed as a insurance producer in this state an individual must meet the following minimum qualifications: be at least 18 years old; Be of good moral character; have not been convicted of any felony or crime for the last 10 years that can be a ground for denial,suspension, or revocation of a license; Pass the required license examination; Pay the license fee of $25.00 Agency license must contain the licensee's name, address, personal identification numb...

Abstract of Title - A summary of public records relating to the title to a particular tract of land. Acknowledgement - A formal declaration made before a duly authorized officer, usually a notary public. Adverse Possession - Physical possession of land inconsistent with the rights of the owner. In most states, a party in adverse possession, after fully satisfying the requirements of the relevant statutes, acquires title to the land. Affirmative Coverage - Provisions in policies by whi...

Accident - Answer-A sudden event, unforeseen and unintended Claim - Answer-A demand for payment under the insurance policy Absolute assignment - Answer-A transfer by the policy holder of all control and rights to a third party Accident and Sickness - Answer-Insurance against bodily injury, disability or death by accident, or against disability or expense resulting from sickness, and the insurance relating thereto Accidental Means - Answer-The unexpected cause of an accidental bodily injury....