Salaried staff - Study guides, Class notes & Summaries

The one who receives the authority to act on behalf of someone else? - Agent what does a sale's agent receive authority for? - to sell An insurance agent receives authority to what? - Settle claims brought against the insurer How do agents receive their authority? - written contract What is the power to bind? - an agent's authority can bind: -what an agent says or does can bind insurer -agents should take the utmost care in what they say or do -even if insure makes mistakes,...

A consistent disparity in listing versus selling prices may reflect ___________. - Correct Answer-Inaccurate competitive market analyses Which of these would be an advantage for the broker of hiring licensees as salaried employees, rather than as independent contractors on a commission-based compensation plan? - Correct Answer-Sales agents will probably make fewer errors as a result of more broker control and supervision. Which option best describes what an environmental impact statement i...

Accumulated Depreciation - correct answer The total decrease in an item's value over a period of time. Formula:(Annual Depreciation x Number ofyears used) 1-J Acreage Reporting Date - correct answer The deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. 3-E Actual Cash Value (ACV) - correct answer A valuation method used by insurers to reflect an item's current market value rig...

incapicitated member - Answer-a member suffering froma physical or mental condition or disorder and can no longer carry on business as a registered insurance broker, this is typically determiend by the manager. insurance broker - Answer-any person who for any comepnsation, commission or other thing of calue, with respect to persons or property in ontario, deals directly with the public. member - Answer-an individual, partnership or corporating registered under this act to carry on business...

Stanhope: Foundations for Population Health in Community/Public Health Nursing, 5th Edition TESTBANK Chapter 01: Community- and Prevention-Oriented Practice to Improve Population Health Stanhope: Foundations for Population Health in Community/Public Health Nursing, 5th Edition MULTIPLE CHOICE 1. Which of the following best describes community-based nursing? a. A practice in which care is provided for individuals and families b. Providing care with a focus on the group’s needs c. G...

Civil Litigation correct answers The process by which one person sues another person in a court of law to enforce a right or to seek a remedy such as financial compensation. Partners correct answers Attorney-owners of the law firm and share in its profits. Senior Partners correct answers The partners that have been with the firm the longest and often have the greatest ownership share. Associates correct answers Attorneys who have not yet become partners and are salaried. Senior Assoc...

Texas All Lines Adjuster Test Latest 2024 Graded A Accumulated Depreciation - Answer ️️ -The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date - Answer ️️ -The deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. Actual Cash Value (ACV) - Answer ️️ -A valuation method used by insurers t...

Florida Claims Adjuster Exam 2023 1. Peril: Something that causes a loss. 2. Hazard: Something that increases the probability that a loss will occur. 3. Warranty: A policy condition, either based on information in the i nsureds appli- cation or inserted by the insurer. It is a guarantee of a fact. 4. Misrepresentation: An untrue statement by the insured, made in an application for insurance but which does not become a part of the policy. 5. Concealment: Th...

Texas All Lines Adjuster Test Questions and Answers Accumulated Depreciation -Answer-The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date -Answer-The deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. Actual Cash Value (ACV) -Answer-A valuation method used by insurers to reflect an item's curr...

Texas SAE Real Estate Brokerage Questions and Answers | Latest Update | 2024/2025 | 100% Pass **What might a persistent difference between listing and selling prices indicate?** Inaccurate competitive market analyses **What advantage does a broker gain by employing licensees as salaried employees rather than independent contractors on commission-based plans?** Sales agents are likely to make fewer errors due to increased broker control and supervision. **How would you define an e...