D. It is issued by the state department of insurance. B. An advantage of owning a flexible premium life insurance policy would be. B. All books and records pertaining to an MLO's operation must be made available upon request. 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. In forming of an insurance contract, this is referred to as (The insurer must be able to rely on the statements given by the insured in the application. Replacement parts to be used that are not manufactured by the original manufacturer may not be used What is group-based licensing in Azure Active Directory? Replacement parts to be used that are not manufactured by the original manufacturer must clearly identified by the insurer, Which of the following is true with regard to the Home Business Endorsement HO 07 01? With respect to dependent handicapped children, which of the following is incorrect? Consider the following annualized rates for 3 -month Treasury yields and 10-year Treasury yields. You can select each user individually to see more details. Which of the following statements is true regarding examinations by the Commissioner? 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: What you need. A. The interest credited under this option is not taxable since it remains inside the insurance policy. (a) legal if the sales associate has a group license. An agent accepts the premium payment 35 days after it is due, telling the insured that there will not be a problem keeping the policy in force. To assign this add-on license to a group, we must ensure that the group also contains the prerequisite service plan. In insurance transactions, fiduciary responsibility means. Some Microsoft Online products you might own are add-ons. Problem: User has LicenseAssignmentAttributeConcurrencyException for license assignment in audit logs. These frequently asked SQL questions are given with the correct choice of answer among multiple options. Resolve group license assignment problems - Azure Active Directory This insurance provides financial protection against physical damage and bodily injury resulting from traffic collisions. The E3 product contains service plans that can't overlap with the plans that are included in E1, so the group license assignment fails with the Conflicting service plans error. by JayDJohnson, b) Health insurance: an insurance (CII study text on Liability insurances, 2016). Which of the following is a feature of a variable annuity? To be able to shift sales staff around, Braggs would have to apply for a group license for his sales staff. Year20012002200320042005200620072008200920103-MonthYield(%)3.471.631.031.403.214.854.471.390.150.1410-YearYield(%)5.024.614.024.274.294.794.633.673.263.21. B. B. When transacting business in this state an insurer formed under the laws of another country is known as a/an (Alien insurer is defined as an insurer formed under the laws of another country.). B. 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. View the full answer. There is a specific section of the DBPR website where the sales associate and the developer complete the necessary forms. Economic Sanctions and Anti-Money Laundering Developments: 2022 Year in A. Choose a name for the group and, if you'd like to, enter a description. Which of the following statements is an accurate comparison between private and government insurers? \hline 2001 & 3.47 & 5.02 \\ B. The application was processed without a valid license. Which statement regarding insurable risks is NOT correct? (The binding force in any contract is consideration.). What does "level" refer to in level term insurance? The Manager. e. The number of units in the process at the end of the period. In forming an insurance contract, when does acceptance usually occur? In a life settlement contract, who does the life settlement broker represent? The owner or developer must be in control of all of the developments in his portfolio that fall under the group license. b. Under Licensed groups, you see all groups that have that products assigned. With regard to financial examinations by the Commissioner, the Commissioner: Must conduct a financial examination of an insurer at least once every 5 years. Mutual life Insurers must have $2,000,000 in surplus. Which of the following statements regarding the temporary insurance license is not correct? a) toxicant. Upon application for a life insurance policy containing accelerated LTC benefits. For a change in risk substantially increasing the hazard, Which of the following statements is NOT correct concerning commissions? Which of the following is NOT true regarding a Certificate of Authority? With respect to concealment or fraud in conjunction with the standard fire policy, which of the following is NOT correct? Required fields are marked *. However, since he has so many units and homes to sell, he will need the assistance of a few associates. With group-based licensing, the system requires that both the prerequisite and add-on service plans be present in the same group. Secondary Mortgage Market | Differences, Role & Examples. Let's look at an example. There is no action required from the customer to fix this issue. A binder cannot exceed 60 days, After a personal policy has been in effect for 60 days, the policy may not be cancelled: Which of the following is not true regarding the quadriceps muscle group? Quality Control Multiple Choice Questions and Answers - Gkseries How does this z-score compare with the z-score you calculated before? It is term coverage that is convertible to permanent insurance at or prior to the child reaching the maximum coverage age. Fungi, Wet Rot or Dry Rot; Virus or Bacteria; Electrical Apparatus, Consequential losses, steam apparatus, frozen plumbing, dishonesty, pollution, and neglect are excluded, The Insurance Commissioner is: B) The law of diminishing returns does not always apply to every situation. Please tell us how we can make this answer more useful. When the group is deleted, group-based licensing will try to remove Office 365 E3/E5 from all users. A. A user has a license for Office 365 Enterprise E1 assigned directly, with all the plans enabled. 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Which of the following statements is true regarding a work group? A main duty of the real estate commission is to? b. the insurer can make policy charges without difficulty. Title Theory State | Rights, Differences & Purpose. Why does making this change in calculating GDP provide a truer picture of the size of Nigerias economy? Consider the following example. (c) Th; Which of the following is not a true statement? The DBPR will issue a pseudo license number. AzAnswer team is here with the right answer to your question. 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. We weren't able to detect the audio language on your flashcards. After you resolve any proxy address problems for the affected users, make sure to force license processing on the group to make sure that the licenses can now be applied. At any given time, how would the yield curve facing a AAA-rated company compare with the yield curve for U.S. Treasury securities? C. Being liable with respect to payment of claims. Which policy component fluctuates depending on the policy type? The number of policy cancellations by policyholder. B. There is no action required from the customer to fix this issue. It is issued to group insurance participants. Losses are payable within 30 days of receipt of proof of loss, Who among the following is not exempt from continuing education requirements? An agent holds a license and sells insurance for several companies, but is not appointed with company XYZ. You can disable the E1 license that's directly assigned to the user. Which of the following is a correct statement about group real estate licenses in Florida? For example, after you resolve duplicate proxy address problem for an affected user, you need to trigger the processing of the user. 19. 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. c. that dividends will be paid. When you're using group-based licensing, the same errors can occur, but they happen in the background while the Azure AD service is assigning licenses. GIF - Wikipedia The premium amount paid at the time of application. Certificates of Authority are renewed biennially by May 1, Which of the following statements is correct regarding cease and desist orders? Name some factors that can cause a shift in the demand curve in markets for goods and services. To unlock this lesson you must be a Study.com Member. Please select the correct language below. DIt is issued to group insurance participants., An insurance company has published a brochure . Real Estate Client vs. C. To increase control of claim reserving the claims settlements. You can see the users who failed to get assigned and check which products are affected by this problem. 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? This error occurs when Azure AD attempts to remove the underlying service plan. A. Make sure that the group has necessary services before adding or removing a dependent service. policy. The following sections give a description of each potential problem and the way to resolve it. Assigning licenses to a group in Azure Active Directory, How to migrate individual licensed users to group-based licensing in Azure Active Directory, How to migrate users between product licenses using group-based licensing in Azure Active Directory, Azure Active Directory group-based licensing additional scenarios, PowerShell examples for group-based licensing in Azure Active Directory. The original age is used for premium determination. The DBPR is in charge of licensing and regulating real estate and all other businesses that require licensing. A. All rights reserved. All of the following statements are correct regarding Credit Life Insurance EXCEPT Benefits are paid to the borrower's beneficiary. 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. 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. * B) Coverage may be continued for up to 36 months for both a qualified beneficiary and a terminated employee. A real estate broker may be issued multiple licenses under certain circumstances. A price ceiling will result in a shortage; only if the ceiling At times, it is possible for a life insurance agent to affect a savings of premium rates by backdating an application for life insurace. Which of the following statements is false with respect to . 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. Real Estate Course Chapter 5 Flashcards Preview - Brainscape A sales associate may not be licensed or registered under a trade name. To schedule a fingerprint reservation, please contact Pearson's third party vendor, IdentoGO By MorphoTrust USA (formerly known as L1 Enrollment). Which type of life insurance is written with a face amount of $3,000 or less? This option offers more flexibility. The authority granted to an agent through the agent's contract is referred to as. PowerShell: PowerShell cmdlets report this error as CountViolation. Insurers must acknowledge the receipt of a notice of a claim within: Which of the following is correct regarding a temporary license? Appointed by the State Senate and confirmed by the Governor To create a Microsoft 365 group: 1. Solved Which of the following is true regarding Article 2 of - Chegg 3-Real Estate License Law and Commission Rules. An insurer or producer may not assign commissions, The Commissioner may revoke, suspend, or refuse to renew a license for all the following, except: \hline 2002 & 1.63 & 4.61 \\ b It applies to bonds, information, and other intangibles. d. evidence of insurability is required with any change in premium. When an individual purchases insurance, what risk management technique is he or she practicing. All other factors being equal, what would the premium be like in a survivorship life policy as compared to the premium in a joint life policy? Responsible for knee flexion b. A group license applies to an owner or developer who builds homes or other housing and utilizes sales associates to sell the properties. d It applies to. A. A. Which of the following statements is false with respect to notices of information practices? Q. Multiple licenses give the broker the ability to hold the title of broker at numerous real estate agencies at the same time. Perfectly happy with his profits, Bob did not consider holding multiple licenses. A, C, D are characteristics as defined by NIST; cloud computing enables pay-as-you-pricing and does not involve paying for licenses upfront. 20 days of the change c. 60 days of the change d. 10 days of the change, Which of the following is NOT a purpose of the rule regarding replacement of life insurance? Which of the statements is correct regarding membership on the Probable Cause Panel? Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT An insurer neglects to pay a legitimate claim that is covered under the terms of the policy. Members of the public flooded the State Capitol again on Tuesday. Obtain a list of all life insurance policies that will be replaced. After doing that, you can properly remove the group license from those users. Serve to extend the knee c. Covered by the vastus fascia d. Located in anterior compartment of the thigh 10. C. The agent accepts a premium payment after the end of the grace period. (The originating company that procures insurance on itself in another insurer is called the "Ceding insurer." At any given time, how would the yield curve facing a BB-rated company compare with the yield curve for U.S. Treasury securities? What is the maximum duration a Commission member is allowed to serve, as per Florida Statute? b. 3-Real Estate License Law and Commission Rules - Quizlet An error occurred trying to load this video. 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. A salaried individual manages a condominium building and rents units 3month to 6month periods. \hline 2010 & 0.14 & 3.21 \\ B) The agent will guarantee the policy. Which of the following is correct regarding a temporary license? Critics say that the subsidies are a waste of money, that corn-based supply enough energy to reduce oil imports, and that usingethanol cannot food crops for fuel causes other problems. Which of the following is NOT an essential element of an insurance contract? A. To solve this problem, remove users from unsupported locations from the licensed group. If after a hearing, the Commissioner determines that an individual is in violation of insurance law, a copy of the findings and a Cease and Desist Order will be issued (A peril is the cause of loss insured against in an insurance policy.). What method do insurers use to protect themselves against catastrophic losses? Kat has taught college Management and Hospitality Management and has a Master's degree in Organizational Leadership and Management. Which of the following are the authorities that an agent can hold? Which of the following is NOT true regarding a Certificate of Authority Which of the following is an example of an agent's fiduciary responsibilities? 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When Azure AD assigns group licenses, any users without a specified usage location inherit the location of the directory. The application process requires the owner or developer to file with the DBPR. 1 / 15. If you use Exchange Online, some users in your organization might be incorrectly configured with the same proxy address value. Oracle ADF Tech Blogs: 1Z0-1085-20: Oracle Cloud Infrastructure Which of the following is the closest term to an "authorized" insurer? Best Answer. C. From the Directory role blade, modify the directory role. Which authority is NOT stated in an agent's contract but is required for the agent to conduct business? c. Greater than. A) Individuals working in a work group work on different objectives and are not dependent on each other. Document C shows that the ethanol boom A. results in higher food prices. In fact, the agent has no such power.). $4,000 Updating license assignment on a user causes the proxy address calculation to be triggered, which can change user attributes. You can assign more than one product license to a group. Which of the following statements is NOT correct concerning policy loans? Cronos Group Reports 2022 Fourth Quarter and Full-Year Results practice-exam-15 - REAL ESTATE TRAINERS It is issued to group insurance participants. He wanted to have the flexibility to move sales associates and broker associates to each of his many developments. \hline 2008 & 1.39 & 3.67 \\ Which of the following are part of the legal responsibility of maintaining an insurance license? Please note that you will not receive a response to this feedback. 4. Add-ons require a prerequisite service plan to be enabled for a user or a group before they can be assigned a license. The right to determine the wording of a policy. A. We're . Which of the following insurers are owned by stockholders who have the usual rights of ownership, including the right of voting? A temporary license may be issued to the surviving spouse of a disabled or deceased producer You can select your choice and check it instantly to see the answer with an explanation. a. To learn more about other scenarios for license management through groups, see the following: More info about Internet Explorer and Microsoft Edge, "Proxy address B. It helped me pass my exam and the test questions are very similar to the practice quizzes on Study.com. A notification appears if there are any users in an error state. Which of the following is NOT true regarding Equity Indexed Annuities? When group-based licensing tries to process concurrent license assignment of same license to a user, this exception is recorded on the user. In response to the Great Recession, Federal Reserve leaders continue to keep the shortrun target interest rate near zero. is already being used" error message in Exchange Online. Some service plans are configured in a way that they can't be assigned to the same user as another, related service plan. Losses are payable within 10 days of receipt of proof of loss It is intended to provide coverage on a date earlier than the date of the issuance of the policy. B. Cram has partnered with the National Tutoring Association, Risky Management: Homeland Security And Homeland Defense, Advantages And Limitations Of The Reinsurance Contract. Return to the waiting times given for the physicians office in one of the previous exercies. Hanging multiple broker's licenses works like this. For example, this can happen when you remove the user from the group. Steven prints a pamphlet to advertise his life insurance business. If you need assistance, please submit your question by, Department of Business and Professional Regulation Page. The beneficiary will receive the greater of the money paid into the annuity or the cash value. a. For example, consider a group that has Office 365 E3/E5 assigned with a Skype for Business service plan enabled. Insurers may examine and audit an insured's records relating to this coverage for up to 3 years after a policy period expires Azure AD will retry processing the user license and will resolve the issue. Which power did the Commission exercise? Answer: B. He hires his son but he is NOT license to sell lots.Father offers son a salary of $200 per week. With regard to licensee responsibilities, which of the following statements is NOT correct? All of the following statements are true regarding a state regulatory agency's investigation, except: A. They earn lower interest rates than fixed annuities. Any other documentation relevant to the correction. B) Work groups primarily engage in collective work that requires joint effort. That its policies are covered by a state Guaranty Association. 30 days of the change b. The only ABO type blood that normally does not have either A or B antigens . "You're Beautiful" on YouTube [a] " You're Beautiful " is a song by English singer-songwriter James Blunt. Adverse selection is a concept best described as Risks with higher probability of loss seeking insurance more often than other risks. 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? D. is likely to end by 2017. A spouse was granted a temporary license for her deceased husband's agency on March 1. A. B. The plan must provide an offset for social security benefits. Insurers are required to file a statement with the Superintendent What is the tax consequence of amounts received from a Traditional IRA after the money was left in the tax-deferred account by the beneficiary? Your client's employer does not offer a company-wide annuity contract. B. Upfront license payments . How long will a real estate license that has been involuntarily inactive for, automatically expire, or be classed as null and void? b. Rising feed prices are also hitting the livestock and poultry industries. That's when several brokers approached Bob about holding multiple licenses. B. 1 . A A-3, B-4, C-2, D-1. Introducing Cram Folders! Therefore, answer B is more close to it. B. flashcard sets. Browse Covers | YourCover backing tracks in MP3 format. Enrolling in a course lets you earn progress by passing quizzes and exams. Performing a review of the agent's client's coverage. 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. A. Question: Which of the following is NOT true about licensing? - Chegg Which of the following correctly describes an Apprentice Adjuster's license? With two legislative days remaining until Crossover Day, legislators and lobbyists spent all . Can a broker hold multiple real estate licenses? It is issued to group insurance participants. Which of the following is a statement that is guaranteed to be true, and if untrue, may breach an insurance contract? If the agent writes a policy for XYZ, which of the following would apply? Equal to. 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. Answer: . \hline lessons in math, English, science, history, and more. That was until several real estate entities learned about Bob's savvy sales techniques. We also provide some thoughts concerning compliance and risk mitigation in this challenging environment. Easement Appurtenant Features & Examples | What is an Easement in Real Estate? B. For example, Bob ''The Condo King'' Perlman owns and works at Bob's Big Time Condo Sales, Inc. located in Fort Lauderdale, Florida. Within how many days must a licensee inform the FREC of their change of business address? 24 (with 2 hours in ethics), Pre-Licensing Insurance Course Chapter 19 (Pa, Tennessee Laws and Departmental Rules Common, TEST 3 Superficial Venous Mapping & Chronic V, I NEED 120 QUESTION CORRECT TO PASS TEST WITH, CH. For example, there might be an insufficient number of licenses or a conflict between two service plans that can't be assigned at the same time. \text{ Yield (\\\%) } Agents have binding authority (b) legal if the brokers have multiple licenses. b. a. premiums are fixed for the first 5 years. Quiz #1 Flashcards The service Microsoft Workplace Analytics requires Exchange Online (Plan 2) to be enabled as well.". Final practice questions Flashcards | Chegg.com 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. at least 60 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. A. All costs are controllable at some level within a company. A binder must be made in writing a. that a policy will be issued. To see which users and groups are consuming licenses, select a product.