Based on the previous example, you would assign the following products to the same group: From now on, any users added to this group consume one license of the E3 product and one license of the Workplace Analytics product. 475. A. Upon which of the following would a health benefit plan be permitted to base individual eligibility? They will demonstrate successfully that they are using best practise to avoid. * B) Coverage may be continued for up to 36 months for both a qualified beneficiary and a terminated employee. All of the following are powers and duties of the Florida Real Estate Commission except? B. Name some factors that can cause a shift in the demand curve in markets for goods and services. a. As a member, you'll also get unlimited access to over 88,000 For one, a group license applies to an owner or developer who builds homes or other housing and utilizes sales associates to sell the properties. Failure to remit premiums may result in the suspension of the producer's license, A person may procure insurance with any insurance company that does not hold a Certificate of Authority if such insurance: B. They earn lower interest rates than fixed annuities. An error occurred trying to load this video. The government pays subsidies to companies that produce ethanol, a fuel made from corn. DIt is issued to group insurance participants., An insurance company has published a brochure . A group license is done so that an owner or developer can move sales personnel around to different developments to sell homes or condos. Depending on what steps you've taken to resolve the errors, it might be necessary to manually trigger the processing of a group to update the user state. Which of the following best describes taxation during the accumulation period of an annuity? The DBPR will issue a pseudo license number. What is a major problem with naming a trust as the beneficiary of a life insurance policy? A master policy purchased by a condominium association, With respect to failure to remit premiums, which of the following statements is false? In fact, the agent has no such power.). A group license is much different than holding multiple licenses. All of the following are general requirements of a qualified plan EXCEPT. Choose a name for the group and, if you'd like to, enter a description. Insurers are liable for any loss resulting from the insured's being under the influence of any narcotic if: Such narcotic is administered on the advice of a physician. D. Promptly forwarding premiums to the insurance company, audio not yet available for this language, {"cdnAssetsUrl":"","site_dot_caption":"Cram.com","premium_user":false,"premium_set":false,"payreferer":"clone_set","payreferer_set_title":"General Insurance Exam Simulator","payreferer_url":"\/flashcards\/copy\/general-insurance-exam-simulator-5554536","isGuest":true,"ga_id":"UA-272909-1","facebook":{"clientId":"363499237066029","version":"v12.0","language":"en_US"}}. b. AzAnswer team is here with the right answer to your question. All of the following are examples of boycott, coercion, or intimidation, except: Offering a premium discount or credit that is not specified in the policy. 2003-2023 Chegg Inc. All rights reserved. B. That its policies are covered by a state Guaranty Association. C. to German speakers, angst is equivalent to . What are the two components of a universal policy? Which of the following statements regarding the temporary insurance license is not correct? Which of the following is NOT consideration on the part of an insured? Problem: There aren't enough available licenses for one of the products that's specified in the group. For example, consider a group that has Office 365 E3/E5 assigned with a Skype for Business service plan enabled. B) Work groups primarily engage in collective work that requires joint effort. The insured may choose to convert to term or permanent individual coverage. (b) They may be loosely tied together in a committee. It may be necessary for transacting business in a specific state. A A-3, B-4, C-2, D-1. Buy-sell agreements are normally funded with a life insurance policy. The article also includes information on how to connect to Exchange Online by using remote PowerShell. You can assign more than one product license to a group. You can select each group for more details. \hline 2002 & 1.63 & 4.61 \\ C. It is issued to group insurance participants. B. drives farmers to grow soybeans. Draw a graph to illustrate your answer. b It applies to bonds, information, and other intangibles. Secondary Mortgage Market | Differences, Role & Examples. A temporary license for up to 12 months without having to pass an examination. Which statement regarding insurable risks is NOT correct? A, C, D are characteristics as defined by NIST; cloud computing enables pay-as-you-pricing and does not involve paying for licenses upfront. B. (A peril is the cause of loss insured against in an insurance policy.). Best Answer. Which of the following is the basis for a claim against an insurance policy? To assign this add-on license to a group, we must ensure that the group also contains the prerequisite service plan. Which of the following are part of the legal responsibility of maintaining an insurance license? Because Audio Conferencing is dependent on Skype for Business, for any users with Audio Conferencing assigned, group-based licensing converts the Office 365 E3/E5 licenses to direct license assignment. It is usually de 1. Problem: One of the products that's specified in the group contains a service plan that must be enabled for another service plan, in another product, to function. A Development of standards. .. . By the end of 2021, at least 130 bills had been introduced in 33 states to restrict the rights of transgender people. B. 5 Match the following: A) Quality assurance - 1) Process oriented B) Quality control - 2) National physical laboratory C) Quality management - 3) Product oriented D) National measurement system - 4) Overall programmer of QA. A group license is much different than holding multiple licenses. A. All of the following are examples of risk retention EXCEPT (Retention is a planned assumption of risk, or acceptance of responsibility for the loss by an insured through the use of deductibles, copayments, and self-insurance.). An applicant for a resident producer license who was previously licensed for the same line in this state within the past 90 days, 4. An applicant for a producer license must provide evidence of legal liability coverage for an amount of least: $20,000. Police Power in Real Estate Significance & Examples | What is Police Power? It is an equivalent of insurance license. Which of the statements is correct regarding membership on the Probable Cause Panel? How long will a real estate license that has been involuntarily inactive for, automatically expire, or be classed as null and void? What is group-based licensing in Azure Active Directory? A sales associate or broker associate may have a "group license" in order to sell for all the entities owned by the owner/developer. Certificates of Authority are renewed biennially by May 1, Which of the following statements is correct regarding cease and desist orders? A tornado that destroys property would be an example of which of the following? Ohio Real Estate Broker Exam: Study Guide & Practice, Ohio Real Estate Salesperson Exam: Study Guide & Practice, Ohio Licensed Appraiser Exam: Study Guide & Practice, California Real Estate Broker Exam: Study Guide, Oklahoma Real Estate Broker Exam: Study Guide & Practice, Iowa Real Estate Broker Exam: Study Guide & Practice, Oklahoma Real Estate Salesperson Exam: Study Guide & Practice, Iowa Real Estate Salesperson Exam: Study Guide & Practice, Kansas Real Estate Broker Exam: Study Guide & Practice, Hawaii Real Estate Broker Exam: Study Guide & Practice, Hawaii Real Estate Salesperson Exam: Study Guide & Practice, New Hampshire Real Estate Broker Exam: Study Guide & Practice, New Hampshire Real Estate Salesperson Exam: Study Guide & Practice, Vermont Real Estate Salesperson Exam: Study Guide & Practice, New Mexico Real Estate Broker Exam: Study Guide & Practice, North Dakota Real Estate Broker Exam: Study Guide & Practice, North Dakota Real Estate Salesperson Exam: Study Guide & Practice, South Dakota Real Estate Salesperson Exam: Study Guide & Practice, California Real Estate Salesperson Exam: Study Guide, Create an account to start this course today. Are you looking for the correct answer to the question Which of the following is NOT true regarding a Certificate of Authority?? Insurers must acknowledge the receipt of a notice of a claim within: Which of the following is correct regarding a temporary license? It is also possible to create a standalone group that contains only the minimum required products to make the add-on work. On May 1 she processed an application for life insurance on a new applicant. Which of the following allows the insurer to relieve a minor insured from premium payments if the minor's parents have died or become disabled? Agents have binding authority In Minnesota, land diverted to corn to feed the ethanol maw is reducing the acreage planted to a wide range of other crops, especially soybeans. What is the requirement of state statute, in order for the Commission to action a proposal? Title Theory State | Rights, Differences & Purpose. Which of the following would be considered a nonmedical insurance application? Restores an insured person to the same financial state as before the loss. D. The agent accepts a premium payment during the grace period. Practice Quiz for ABO blood types. X, Y, and Z are partners. To create a Microsoft 365 group: 1. 1)Option b 2)Option b . An application of which the medical information is completed by the applicant and the agent only. Which of the following would NOT be an eligible group for group life insurance? Under the COBRA rules for employer group health insurance, which of the following statements is CORRECT? With respect to concealment or fraud in conjunction with the standard fire policy, which of the following is NOT correct? The DBPR is in charge of licensing and regulating real estate and all other businesses that require licensing. When Azure AD assigns group licenses, any users without a specified usage location inherit the location of the directory. All other trademarks and copyrights are the property of their respective owners. A. 50,000 . Problem: Some Microsoft services aren't available in all locations because of local laws and regulations. Question: Which of the following is true regarding Article 2 of the Uniform Commercial Code (UCC)? Answer: A. To apply for multiple licenses, the broker must file with the Department of Business and Professional Regulations, or the DBPR, who is in charge of licensing and regulating real estate and all other businesses that require licensing. C. It is equivalent to an insurance license. Office 365 Enterprise E3 with only the Exchange Online (Plan 2) service plan enabled. \hline 2003 & 1.03 & 4.02 \\ This year, she did not receive a check from the insurer. If she terminates her group coverage, which of the following statements is INCORRECT? Which of the following is a correct statement about group real estate licenses in Florida? C. Being liable with respect to payment of claims. Term policies are available as Level, Increasing, and Decreasing. You must remove all licenses assigned to a group before you can delete the group. D. To reduce expenses and improve cash flow. Multiple Choice Questions. The agent has business cards and stationery printed. It is issued to group insurance participants. Twin brothers are starting a new business. Upon application for a life insurance policy containing accelerated LTC benefits. The causes of loss insured against in an insurance policy are know as. An applicant knowingly fails to communicate information that would help an underwriter make a sound decision regarding coverage. It helped me pass my exam and the test questions are very similar to the practice quizzes on Study.com. Required fields are marked *. There is a specific section of the DBPR website where the sales associate and the developer complete the necessary forms. Alternatively, you might decide to remove the E1 license from the user if it's redundant in the context of the E3 license. We fully adhere to its Code of Cond a. C. An insurable risk must involve a loss that is definite as to cause, time, place and amount. However, since he has so many units and homes to sell, he will need the assistance of a few associates. Typically, a real estate broker will hold one license in a single real estate agency. CIt is issued by the state department of insurance. Therefore, answer B is more close to it. In case of a loss, the indemnity provision in insurance policies does what? The above question Which of the following is NOT true regarding a Certificate of Authority?, Was part of Insurance MCQs & Answers. . (c) Th; Which of the following is not a true statement? Temporary licenses are granted for an initial term of 6 months C. A temporary license does not allow the license to sell, solicit or negotiate new contracts Stock life insurers must have $1,000,000 in capital and $2,000,000 in surplus. Due to the insured changing his/her occupation Which of the following is true regarding the beneficiary designation of the former spouse. Which of the following is false regarding financial requirements applicable to insurers in Connecticut? However, removing licenses from all the users in the group may take time. d. Louder than. Use LEFT and RIGHT arrow keys to navigate between flashcards; Use UP and DOWN arrow keys to flip the card; Which Insurance principle states that if a policy allows for greater compensation than the financial loss incurred, the insured may only receive benefits for the amount loss? A main duty of the real estate commission is to? Its like a teacher waved a magic wand and did the work for me. [1] In 2022, over 230 anti-transgender bills were introduced in state legislatures in a coordinated national campaign to target . (Co-written with and signed by fourteen other VIPS listed below) MEMORANDUM FOR: U.S. Secretary of State John Kerry, and Foreign Minister of Russia Sergey Lavrov FROM: Veteran Intelligence Professionals for Sanity (VIPS) SUBJECT: Sarin Attack at Ghouta on Aug. 21, 2013 In a Memorandum of Oct. 1, 2013, we asked each of you to make public the intelligence upon which you based your differing . In this example, the conflicting service plans are: To solve this conflict, you need to disable one of the plans. Rising feed prices are also hitting the livestock and poultry industries. c. the policy owner can make policy changes without difficulty. While the Fed controls short-term interest rates, long-term interest rates essentially depend on supply/demand dynamics, as well as longer-term interest rate expectations. Study with Quizlet and memorize flashcards containing terms like A producer must inform the Commissioner of a change of address within: a. by JayDJohnson, Which of the following is NOT true regarding a Certificate of Authority. Which of the following is NOT an unfair claims practice? An employee is insured under her employer's group life plan. Which of the following is an example of apparent authority of an agent appointed by an insurer? The contribution is known and the benefit is unknown. If we select the item details, it shows the following error message: "License operation failed. Sales associates and broker associates register their licenses under that number and then can begin working for the developer. \hline 2010 & 0.14 & 3.21 \\ The New York Superintendent has the responsibility to make sure each entity transacting insurance in this state remains solvent. A group license is for an owner/developer who owns properties through various entities, but all such entities are connected so that such ownership or control is by the same individual or individuals. t. e. In the United States, the rights of transgender people vary considerably by jurisdiction. With group-based licensing, the system requires that both the prerequisite and add-on service plans be present in the same group. It is issued to group insurance participants. This is done to ensure that any users who are added to the group can receive the fully working product. | 21 The insurer must be able to rely on the statements in the application, and the insured must be able to rely on the insurer to pay valid claims. Express Authority. Which of the following statements is false with respect to license renewals? A toxic substance produced by biological system is specially referred to as a ------. In response to the Great Recession, Federal Reserve leaders continue to keep the shortrun target interest rate near zero. c. that dividends will be paid. \hline A master policy purchased by a chain of clothing stores Whether an insurable interest exists between the individuals. A long-term care policy must be optionally renewable. B. The insured must be able to rely on the insurer's promise to pay covered losses.). (b) legal if the brokers have multiple licenses. A reinsurer is a company that. Let's look at an example. passing laws to regulate the transfer of property. (Only stock insurance companies are owned and controlled by stockholders.). It is a period during which payments into the annuity grow tax deferred. (Insurers use reinsurance to protect themselves from catastrophic losses. lessons in math, English, science, history, and more. It is issued to group insurance participants. A group license is: 1) Used for large real estate brokerages 2) Allows licensees to work for various properties owned and developed by the same individuals(s), although the properties are owned in the name of different interlocking or affiliated entities 3) Allows brokers to be the broker of record for more than one real estate brokerage 4) Is available when a licensee chooses not to have an . A group license is for an owner/developer who owns properties through various entities, but all such entities are connected so that such ownership or control is by the same individual or individuals. To find all groups that contain at least one error, on the Azure Active Directory blade select Licenses, and then select Overview.
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