d. The number of units that could have been started and completed given the cost incurred. This year, she did not receive a check from the insurer. An insurer invests the money it receives from premiums paid by its insureds. A, C, D are characteristics as defined by NIST; cloud computing enables pay-as-you-pricing and does not involve paying for licenses upfront. An applicant for a producer license must provide evidence of legal liability coverage for an amount of least: Which of the following statements is false with respect to requirements for rates? Draw a graph to illustrate your answer. A sales associate may not be licensed or registered under a trade name. Insurers must acknowledge the receipt of a notice of a claim within: Which of the following is correct regarding a temporary license? D Material control. A. Which of the following best describes taxation during the accumulation period of an annuity? Add-ons require a prerequisite service plan to be enabled for a user or a group before they can be assigned a license. A toxic substance produced by biological system is specially referred to as a ------. In reference to fixed annuities, what comprises most of a life insurance company's general account? Upon which of the following would a health benefit plan be permitted to base individual eligibility? B. The planned premium pays for mortality charges and expenses and any excess is returned to the policyowner. PowerShell: PowerShell cmdlets report this error as ProhibitedInUsageLocationViolation. * C) Coverage may be continued for up to 18 months for both . An advantage of owning a flexible premium life insurance policy would be. flashcard sets. 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: \end{array} A. \hline 2006 & 4.85 & 4.79 \\ \hline 2009 & 0.15 & 3.26 \\ Which of the following statements are correct? 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. (An agent who accepts a premium after the end of the grace period appears to the client to have the authority to prevent the policy form lapsing. Required fields are marked *. Some Microsoft Online products you might own are add-ons. For example, you can assign Office 365 Enterprise E3 and Enterprise Mobility + Security to a group to easily enable all included services for users. C. The application given to a prospective insured. Before you can assign a license to a user, you must specify the Usage location property for the user. What type of annuity contract could your client obtain? These licenses do not allow special permission to hold multiple licenses. Is exempt from licensure under F.S. (a) legal if the sales associate has a group license. What is the advantage of reinstating a policy instead of applying for a new one? Add to folder (b) legal if the brokers have multiple licenses. Which of the following is correct regarding prelicensing requirements? B. Braggs did not want to lock each sales associate into one single development. For example, if you free up some licenses by removing direct license assignments from users, you need to trigger the processing of groups that previously failed to fully license all user members. How does this z-score compare with the z-score you calculated before? There are a few rules that Bob and the managing partners of the other agencies must follow. A. Get unlimited access to over 88,000 lessons. Try refreshing the page, or contact customer support. Document C shows that the ethanol boom A. results in higher food prices. The premium amount paid at the time of application. a. b. For example, this can happen when you remove the user from the group. 475. You can disable the E1 license that's directly assigned to the user. The agent has business cards and stationery printed. Which of the following are the authorities that an agent can hold? Agents have binding authority B. is already being used" error message in Exchange Online, how to connect to Exchange Online by using remote PowerShell, how the proxyAddresses attribute is populated in Azure AD. (Insurers who meet the state's financial requirements and are approved to transact business in the state are considered authorized or admitted into the state as a legal insurer.). That its policies are covered by a state Guaranty Association. The contribution is known and the benefit is unknown. The DBPR will issue a pseudo license number. Over the past several years, the owner, John Braggs, built single-family homes on each plot. DIt is issued to group insurance participants., An insurance company has published a brochure . Braggs himself does not require any permit to sell his properties. 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 When ambiguities exist, courts generally rule in favor of the insured.). You can assign more than one product license to a group. C. In forming an insurance contract, when does acceptance usually occur? 30 days of the change b. Rising feed prices are also hitting the livestock and poultry industries. 1)Option b 2)Option b . C. It is issued to group insurance participants. Which of the following is the basis for a claim against an insurance policy? [1] In 2022, over 230 anti-transgender bills were introduced in state legislatures in a coordinated national campaign to target . A long-term care policy must be optionally renewable. For this reason, the errors can't be communicated to you immediately. Therefore, answer B is more close to it. What privilege does the insured have in order to balance this order? It is issued by the state department of insurance. 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? 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. Public adjusters may not qualify for a license in Property and Casualty. A sales associate or broker associate may have a "group license" in order to sell for all the entities owned by the owner/developer. $4,000 What is the status of her license on October 1, if she fails to meet renewal requirements? For a change in risk substantially increasing the hazard, Which of the following statements is NOT correct concerning commissions? Multiple licenses give the broker the ability to hold the title of broker at numerous real estate agencies at the same time. To reprocess a group, go to the group pane, open Licenses, and then select the Reprocess button on the toolbar. Which of the following is an example of a producer's fiduciary duty? Answer: . The policy contains sufficient cash value to cover the cost of insurance. Term. The user has been added to a group that has the Office 365 Enterprise E3 product assigned to it. (An agent represents the principle, acting on the entity's behalf in contractual agreements with third parties.). Which observation is not true of the group of people who lead the development of a new product? A Development of standards. What you need. Which of the following situations does not require the delivery of the Shopper's Guide? D. To fund losses that cannot be insured. B. To reprocess a user, go to the user pane, open Licenses, and then select the Reprocess button on the toolbar. A real estate broker may be issued multiple licenses under certain circumstances. 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 warranty in insurance is a statement guaranteed to be true. Which of the following is NOT true regarding a Certificate of Authority? B. You can create multiple groups for each prerequisite service plan. 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. What does "level" refer to in level term insurance? Which statement below is NOT correct regarding a highly available system? A. 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. Which of the following is true regarding the beneficiary designation of the former spouse. Which of the following is NOT true regarding a Certificate of Authority? Landmark Homes, Incorporated, located in West Palm Beach, Florida, purchased eight plots of land throughout the county. A. Open the group to its overview page and select Licenses. We recommend that administrators set the correct usage location values on users before using group-based licensing to comply with local laws and regulations. With respect to dependent handicapped children, which of the following is incorrect? a. The insurable risk needs to be statistically predictable. It is issued to group insurance participants. A limited lines producer is authorized to sell all of the following, except: Which of the following statements is false? You can select your choice and check it instantly to see the answer with an explanation. 1 to part 740 of the EAR): ( i) License Exception LVS ( 740.3 of the EAR); ( ii) License Exception TMP ( 740.9 of the EAR); Which of the following is a statement that is guaranteed to be true, and if untrue, may breach an insurance contract? Which of the following statements is correct with respect to the Doctrine of Economic Benefit? 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. (d) legal, provided that the sales associate is an independent contractor, not an . 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. Consists of 4 separate muscles b. To understand the exact reason of the change and solve the problem, see this article on how the proxyAddresses attribute is populated in Azure AD. 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. A temporary license is only granted upon the death of an agent B. Name some factors that can cause a shift in the demand curve in markets for goods and services. A) XYZ must issue the policy. When Azure AD attempts to assign a group license to a user whose usage location isn't supported, it fails and records an error on the user. Only sales or broker associates, employed by a owner developer can receive a group license. A. This is an example of: All of the following actions by a person could be described as risk avoidance EXCEPT (Investing in the stock market is not an example of risk avoidance; it creates the possibility of a loss.). Answer should be B because only one user cannot be assigned the license, and before assigning the license to a user, usage location should be same. You can select each user individually to see more details. Which of the following statements is false with respect to license renewals? In the Microsoft 365 admin center, go to the Active groups page (underneath "Groups" in the left-hand navigation) and select Add a group. A user has a license for Office 365 Enterprise E1 assigned directly, with all the plans enabled. If a court ordered payment for a loss that was not covered in the policy even if it was clearly worded, it would be an example of which legal concept? 1. I feel like its a lifeline. Which of the following statements regarding the temporary insurance license is not correct? An error occurred trying to load this video. (Only stock insurance companies are owned and controlled by stockholders.). D is the correct answer because a suicide clause is usually inserted into a policy when issued on a mortgage loan and the misstatement of one's age makes no difference because the initial rate is . Which of the following is NOT a goal of risk retention? d. evidence of insurability is required with any change in premium. a. Your client's employer does not offer a company-wide annuity contract. Kat has taught college Management and Hospitality Management and has a Master's degree in Organizational Leadership and Management. The plan must provide an offset for social security benefits. A binder cannot exceed 60 days, After a personal policy has been in effect for 60 days, the policy may not be cancelled: 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. If the agent writes a policy for XYZ, which of the following would apply? Azure AD doesn't automatically resolve license conflicts. 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: 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. Which statement regarding insurable risks is NOT correct? 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. View the full answer. It can the be used to license only selected users for the add-on product. The original intent to license the user is never lost, but it's recorded in an error state for future investigation and resolution. A) Uber is an example of a business model that is based on the principle of network economics. a. Construct and interpret a scatterplot of a 10-year treasury yield against a 3-month yield. Year3-MonthYield(%)10-YearYield(%)20013.475.0220021.634.6120031.034.0220041.404.2720053.214.2920064.854.7920074.474.6320081.393.6720090.153.2620100.143.21\begin{array}{|c|c|c|} Also imagine that a few members of the group have Audio Conferencing licenses assigned directly. B. 3-Real Estate License Law and Commission Rules. From what type of insurer did the insured purchase the policy? (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 . e. The number of units in the process at the end of the period. Which of the following statements is true regarding the ABO blood system? The Commissioner may hold a hearing for any purpose within or out of the scope of the Code. B. (The originating company that procures insurance on itself in another insurer is called the "Ceding insurer." Responsible for knee flexion b. Updating license assignment on a user causes the proxy address calculation to be triggered, which can change user attributes. Producer licenses expire every 2 years (biennially) on the producer's birth date. copyright 2003-2023 Study.com. Which of the following is correct regarding a temporary license? Incumbents may not perform all of the listed duties and/or may be required to perform additional or different duties from those set forth below to address business needs and changing business practices.