Nj property license - Study guides, Class notes & Summaries

PSI Real Estate State Exam (NJ) Question and answers rated A+ 2023/2024 C. an involuntary lien - correct answer When a land owner uses his land as security for a loan, the encumbrance created is called. C. Question the seller to any known defects - correct answer If an owner wants to list a property for sale "as is," the listing agent should A. licensee must hold a timeshare license - correct answer According to the New Jersey Real Estate Time Share Act, if a licensee is selling a timesha...

NJ Life Producer Exam Correct answers latest update Which of the following amounts must decrease in a decreasing term? Death benefit In life insurance, insurable interest must exist at the time the.. Producer writes an on a proposed insured An applicant makes an offer to the insurer when they pay an initial premium with the application Which of the following makes Universal Life insurance different from other forms of permanent insurance? Premium Schedule An insurer that...

NJ Property License 1 Questions And Answers Already Passed What are the methods of managing risk? Avoidance, transfer, sharing, retention, reduction What is the fee a person pays an insurance company to receive coverage? Premium Self -insuring is typically used for what type of insurance? Workers compensation A tornado that destroys a property would be an example of what? Peril A state-issued document empowering an insurance company to become an admitted insurer is called what...

NJ Title Insurance Exam updated 2023/24 Reloaded| 100% verified In 1869 in Paul vs Virginia case the the US Supreme Court ruled that insurance? - Was not interstate Commerce. In 1944, in the South-Eastern Underwritters Association (SEUA) case, the U.S. Supreme Court ruled that insurance? - Was interstate commerce and was subject to Federal regulation. The McCarran-Ferguson Act of 1945 states that individual states are subject to the authority of the? - Federal Government Activitie...

Inherent Vice - A condition or defect that exists within property itself that causes the property to spoil, break, become defective, or destroy itself. Theft - The broadest of the crime coverages, includes any act of stealing, burglary, or robbery. Subrogation - The legal process by which an insurer seeks recovery of the amount paid to the insured from a third party responsible for having caused the loss.

NJ Property license 1

NJ Property license 1 2024 Latest Updat What are the methods of managing risk? - ANSWER Avoidance, transfer, sharing, retention, reduction What is the fee a person pays an insurance company to receive coverage? - ANSWER Premium Self -insuring is typically used for what type of insurance? - ANSWER Workers compensation A tornado that destroys a property would be an example of what? - ANSWER Peril A state-issued document empowering an insurance company to become an admitted insurer is ...

NJ Property & Casualty License Exam - Miscellaneous Personal Lines Coverage

What are the methods of managing risk? - ANSWER Avoidance, transfer, sharing, retention, reduction What is the fee a person pays an insurance company to receive coverage? - ANSWER Premium Self -insuring is typically used for what type of insurance? - ANSWER Workers compensation A tornado that destroys a property would be an example of what? - ANSWER Peril A state-issued document empowering an insurance company to become an admitted insurer is called what? - ANSWER Certificate of Auth...

What are the methods of managing risk? - ANSWER Avoidance, transfer, sharing, retention, reduction What is the fee a person pays an insurance company to receive coverage? - ANSWER Premium Self -insuring is typically used for what type of insurance? - ANSWER Workers compensation A tornado that destroys a property would be an example of what? - ANSWER Peril A state-issued document empowering an insurance company to become an admitted insurer is called what? - ANSWER Certificate of Auth...

NJ Property License 1 Questions and Answers (Already Graded A) NJ Property License 1 Questions and Answers (Already Graded A) NJ Property License 1 Questions and Answers (Already Graded A) NJ Property License 1 Questions and Answers (Already Graded A) What are the methods of managing risk? - ANSWER-Avoidance, transfer, sharing, retention, reduction What is the fee a person pays an insurance company to receive coverage? - ANSWER-Premium Self -insuring is typically used for what type of in...