At any given time, how would the yield curve facing a AAA-rated company compare with the yield curve for U.S. Treasury securities? With respect to dependent handicapped children, which of the following is incorrect? A tornado that destroys property would be an example of which of the following? What happens to the license status? This rider is available to all insureds with no additional premium. Braggs himself does not require any permit to sell his properties. Which of the following may NOT be included in an insurance company's advertisement? Which of the following statements is true regarding a plumber who has been appointed by a court to appraise a small business? Agents may handle applications and assist applicants providing the applicant has tried to secure coverage with a standard insurer and certifies that he/she was unable to obtain such coverage, With regard to the Dwelling Endorsement, DP 01 06, which of the following statements is false? SPH DARWIN journals are members of the Committee on Publication Ethics . Which of the following terms best describes what the insurer has violated? Which of the following is an example of a producer's fiduciary duty? A. Braggs did not want to lock each sales associate into one single development. With regard to financial examinations by the Commissioner, the Commissioner: Must conduct a financial examination of an insurer at least once every 5 years. b) toxin. Property of others that is in the insured's care is excluded, Which of the following statements is correct with respect to acting as an agent? Required fields are marked *. B Identification of customer need. C. Offering additional coverage to his client. The owner or developer must be in control of all of the developments in his portfolio that fall under the group license. B. Resolve group license assignment problems - Azure Active Directory Practice Quiz for ABO blood types - Palomar College A. A market consists of anyone who believes they have a need . A. This is a method where the reinsurer indemnifies the ceding insurer for part or all of the losses it sustains related to a policy issued previously.). A. You can assign more than one product license to a group. One member must be a current member of the FREC, c. One member may be a previous Commission member. 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. It may be necessary for transacting business in a specific state. Which type of life insurance is written with a face amount of $3,000 or less? Upgrade to Microsoft Edge to take advantage of the latest features, security updates, and technical support. Which of the following are part of the legal responsibility of maintaining an insurance license? D Material control. All owner (s) must sign the application. c It does not apply to contracts for the provision of services. Losses are payable within 10 days of receipt of proof of loss Eventually, these costs will appear in the prices of frozen and canned vegetables. For example, if you use both Office 365 Enterprise E1 and Office 365 Enterprise E3 for your users, you can create two groups to license Microsoft Workplace Analytics: one that uses E1 as a prerequisite and the other that uses E3. Problem: One of the products that's specified in the group contains a service plan that conflicts with another service plan that's already assigned to the user via a different product. An agent tells an insured that if he replaces his current insurance policy with a newer one, his dividends will be higher and his premium will be slightly lower. B. 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. Some Microsoft Online products you might own are add-ons. D. Promptly forwarding premiums to the insurance company. C. It is issued to group insurance participants. There is no action required from the customer to fix this issue. The annuity owner dies while the annuity is still in the accumulation stage. \text{ Yield (\\\%) } All other trademarks and copyrights are the property of their respective owners. Handling insurer funds in a trust capacity. (When insurance is obtained through a reciprocal insurer, the insureds are sharing the risk of loss with other subscribers of that reciprocal.). 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. B. a. Which of the following statements is true regarding advertising of the Iowa Life and Health Guaranty Association? (An agent represents the principle, acting on the entity's behalf in contractual agreements with third parties.). Which of the following is not true regarding the hamstring muscle group? Which of the following statements is NOT correct concerning policy loans? b. Is with regard to the person's own property or person, In the event of death resulting from an accident arising out of and in the course of employment or from an occupational disease, the amount provided for burial expense is: I hope you got the correct answer to your question. In this article, we explain the reasons why users might end up in this state. When Azure AD assigns group licenses, any users without a specified usage location inherit the location of the directory. a. What privilege does the insured have in order to balance this order? A person willfully acting without an insurance license in Iowa may be fined up to: Answer: $50,000.. An applicant for a producer license must provide evidence of legal liability coverage for an amount of least: $20,000. Find out how you can intelligently organize your Flashcards. When you assign licenses directly to individual users, without using group-based licensing, the assignment operation might fail for reasons that are related to business logic. Consists of 4 separate muscles b. DIt is issued to group insurance participants., An insurance company has published a brochure . Bob is the agency owner, and all of his real estate transactions are performed through the agency's business license. So Bob must apply with the Florida Department of Business and Professional Regulation, also known as the DBPR. A. One member must be a current member of the FREC, c. One member may be a previous Commission member. In what way can an agent demonstrate a high standard of ethics? b. assumes a portion of the risk from another insurer. To reduce expenses and improve cash flow. Best Answer. Use =0.05\alpha=0.05=0.05 to test if the population correlation coefficient is significantly different from zero. He hires his son but he is NOT license to sell lots.Father offers son a salary of $200 per week. A. It is also possible to create a standalone group that contains only the minimum required products to make the add-on work. A user has a license for Office 365 Enterprise E1 assigned directly, with all the plans enabled. I feel like its a lifeline. The annuitant assumes the risk on investment. joplin airport flight schedule - Changing-stories.org D Commingling premiums with agent's personal funds. When would a misrepresentation on the insurance application be considered fraud? Publication Ethics Statement. If a user has a license that is dependent on a license which is being removed due to group deletion, the license assignment to the user is converted from inherited to direct. The interest credited under this option is not taxable since it remains inside the insurance policy. C. Rapid elasticity. Add-ons require a prerequisite service plan to be enabled for a user or a group before they can be assigned a license. It is an equivalent of insurance license. Which of the following statements is false with respect to license renewals? The insurable risk needs to be statistically predictable. A live proctor will monitor you. 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. Which of the following statements is incorrect regarding franchising? A Get unlimited access to over 88,000 lessons. D. Measured services. 190 lessons Ethical Guidelines for Academic Editors | World Scientific News Consider the following example. A group license applies to an owner or developer who builds homes or other housing and utilizes sales associates to sell the properties. Which of the following statements is true regarding the cash value in a Universal life policy? CONSIDER APPROVAL: Moved by Allen, seconded by Rice, to approve Amendment #1 to Agreement #A2021-18, Ground Storage Tank Construction Services Project #2020-20 with Infrastructure Design Group in . a It does not apply to contracts for the sale of goods. It is an equivalent of insurance license. \hline 2004 & 1.40 & 4.27 \\ It is usually de 1. Typically, a real estate broker will hold one license in a single real estate agency. To change information on your vehicle title, you need: Certificate of title (original only, no copies) A completed title amendment form. In insurance transactions, fiduciary responsibility means. What is group-based licensing in Azure Active Directory? b. Which of the following correctly describes an Apprentice Adjuster's license? B) Work groups primarily engage in collective work that requires joint effort. A) Uber is an example of a business model that is based on the principle of network economics. Insurers may examine and audit an insured's records relating to this coverage for up to 3 years after a policy period expires Which of the following is NOT true regarding a Certificate of Authority. Instead, they're recorded on the user object and then reported via the administrative portal. D. To reduce expenses and improve cash flow. Last year, the couple got divorced. On the "Group type" page, select Microsoft 365, then click Next. c. Estimate and interpret a sample regression equation using the 10-year yield as the response variable and the 3 -month yield as the explanatory variable. B) The agent will guarantee the policy. It helped me pass my exam and the test questions are very similar to the practice quizzes on Study.com. Which of the following statements regarding the temporary insurance license is not correct? B. drives farmers to grow soybeans. succeed. \text { 3-Month } \\ The policy contains sufficient cash value to cover the cost of insurance. Income tax on distributions and no penalty. If the agent writes a policy for XYZ, which of the following would apply? 19. Which of the following must an insurer obtain in order to transact insurance within a given state? The agent has business cards and stationery printed. The trust that a client places in the producer in regard to handling premiums. A developer purchased a tract of land and subdivided the property into Individual lots. B) The law of diminishing returns does not always apply to every situation. (d) legal, provided that the sales associate is an independent contractor, not an . A. Solved Question 1 (1 point) Which of the following | Chegg.com t. e. In the United States, the rights of transgender people vary considerably by jurisdiction. C. It is equivalent to an insurance license. Question: Which of the following is NOT true about licensing? - Chegg It is in widespread usage on the World Wide Web due to its wide support and portability between applications and operating . Which of the following is NOT the consideration in a policy? Which of the following is true regarding a single life settlement option? Under Licensed groups, you see all groups that have that products assigned. To reprocess a user, go to the user pane, open Licenses, and then select the Reprocess button on the toolbar. I highly recommend you use this site! C. to German speakers, angst is equivalent to . If a hearing is scheduled for a producer who has violated regulations regarding unfair trade practices, the Superintendent must send a prior notice within how many days of the hearing? This year, she did not receive a check from the insurer. 1 / 15. A licensed sales associate will be locked into work at only one development if no multiple licensing exists. a. Construct and interpret a scatterplot of a 10-year treasury yield against a 3-month yield. Please sign in to share these flashcards. Answer: B. Group-based licensing in Azure Active Directory (Azure AD), part of Microsoft Entra, introduces the concept of users in a licensing error state. d. evidence of insurability is required with any change in premium. ), A statement by the applicant that, upon discovery, would affect the underwriting decision of the insurance company. The partnership is liquidating. You can select each user individually to see more details. An application of which the medical information is completed by the applicant and the agent only. Your email address will not be published. D. The agent accepts a premium payment during the grace period. Equal to. If a cease and desist order is violated the penalty may be up to $25,000 per violation, What is the minimum amount of notice an insurer must provide to a policyholder in advance of canceling a personal policy for nonpayment of premium?