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Exam Fx-Property and Casualty Test 2023. To be considered an insurable risk, a loss may NOT be - ANSWERcatastrophic Which of the following persons would be required to hold a producer license? - ANSWERa nonresident agent who negotiates insurance contracts Which of the following is the oldest known type of insurance? - ANSWERocean marine The contents coverage on a homeowners policy would pay how much after the loss of one of a pair of golden candlesticks? - ANSWERthe difference in the a...

Property/Casualty Illinois for State Exam Study Guide 2023.SO (Insurance Services Office) - ANSWER ISO creates standardized property and casualty insurance policies that are approved by states and used as a standard policy for insurers. -they can be modified to comply with state regulations -may be modified to a degree for insurance companies to create their own policy form define insurance - ANSWER Insurance transfers the risk of loss from an individual or business entity to an insuranc...

Property Management Mock Exam #4 Clearly Solved 2023.The demand for professional property management around the end of the nineteenth century resulted primarily from - ANSWER the invention of the high-speed elevator---Also steel framed buildings, development of suburban areas and investment opportunities. What organization awards the designation Certified Property Manager (CPM)? - ANSWER Institute of Real Estate Management (IREM)---IREM offers opportunities for property managers to share idea...

PSI Exam: Property Ownership Final Exam 2023. Real Property (realty) - ANSWER land along with improvements, things attached to it, and the benefits, rights, and interests included in its ownership. Real Estate - ANSWER synonymously used with real property; but includes real and personal property. Land - ANSWER earth's surface, subsurface to the center of the earth, the space overhead, and the rights to each. Rights: common rights in land; surface rights, subsurface rights, mineral rights...

NJ Life Insurance Exam Correctly Answered 2023.Adverse Selection - ANSWER insuring of risks that are more prone to losses than the average risk lapse - ANSWER policy termination due to nonpayment of premium Insurance - ANSWER transfers risk of loss from an individual or business entity to an insurance company which in turn spreads the costs of unexpected losses to many individuals Life Insurance - ANSWER protects against loss associated with an insured's death, and pays a death benefit...

NJ Prometric Exam Practice Questions 2023. What happens when you apply too much pressure during a facial massage? - ANSWER weakens elastin fibers & breaks down elasticity What color shows under the Woods Lamp for hyper pigmentation? - ANSWER Brown If an esthetician/practitioner leaves a drawer open during a service, what must be done to maintain sanitation? - ANSWER take everything out, sanitize/disinfect Where is the hair root located? (pg. 456-457) - ANSWER located in the dermis D...

NJ Real Estate Study Guide Exam 2023.Broker - ANSWER One who buys and sells for another for a fee. Broker-Salesperson - ANSWER A qualified broker who practices real estate in the position of salesperson in another broker's office bureau of subsidized land sales control - ANSWER regulations covering out of state properties sold in NJ continuing education - ANSWER 12 hours required every two years, two of which must be on ethics NJ Real Estate Commission - ANSWER Department of Banking...

NJ Permit State Review Questions 2023.Three things that must be carried with driver at all times: - ANSWER License, Registration, Insurance Amount of time to report CHange Of Address: - ANSWER 1 week Amount of time to report Name Change: - ANSWER 2 weeks Amount of time to apply for NJ license when they just moved to NJ from another State and Possess a Valid License from that State: - ANSWER 60 days C.D.L. - ANSWER Commercial Driver License G.D.L. - ANSWER Graduated Driver License ...

NJ Real Estate Practice Questions 2023.Broker - ANSWER One who buys and sells for another for a fee. Broker-Salesperson - ANSWER A qualified broker who practices real estate in the position of salesperson in another broker's office bureau of subsidized land sales control - ANSWER regulations covering out of state properties sold in NJ continuing education - ANSWER 12 hours required every two years, two of which must be on ethics NJ Real Estate Commission - ANSWER Department of Banki...

NJ Property Producer Exam Correctly Solved 2023.Dwelling Policy - ANSWER Only insures property DP-1 - ANSWER Basic Form DP-2 - ANSWER Broad Form DP-3 - ANSWER Special Form Dwelling Coverage A - ANSWER Dwelling- Covers dwelling, structures attached to dwelling, and materials/supplies for the dwelling. Dwelling Coverage B - ANSWER Other Structures- Insures buildings on premise but separate from the dwelling. Dwelling Coverage C - ANSWER Personal Property- Covers the insured's pe...