The original intent to license the user is never lost, but it's recorded in an error state for future investigation and resolution. Your email address will not be published. A) XYZ must issue the policy. Which of the following is TRUE regarding the interest earned on these investments? Some service plans are configured in a way that they can't be assigned to the same user as another, related service plan. Perfectly happy with his profits, Bob did not consider holding multiple licenses. What is group-based licensing in Azure Active Directory? 30 days, Which of the following types of policies may NOT exclude coverage for losses caused by fire or other perils resulting from acts of terrorism? Which authority is NOT stated in an agent's contract but is required for the agent to conduct business? . Chapter 3 Quiz Flashcards by Jenelle Conner | Brainscape Due to the insured changing his/her occupation The application was processed without a valid license. Which of the following statements is true regarding a plumber who has been appointed by a court to appraise a small business? b. Which of the following is NOT a characteristic of an insurable risk? This rider is available to all insureds with no additional premium. Let's consider the following example: Microsoft Workplace Analytics is an add-on product. 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 To create a Microsoft 365 group: 1. Which of the following types of policies are exempt from the state replacement regulations? B. 2003-2023 Chegg Inc. All rights reserved. Eventually, these costs will appear in the prices of frozen and canned vegetables. Ch 2 - License Law and Qualifications HW Flashcards | Chegg.com 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? Stock life insurers must have $1,000,000 in capital and $2,000,000 in surplus. You need to either purchase more licenses for the product or free up unused licenses from other users or groups. B. D. Something of value exchanged between parties. Which of the following are part of the legal responsibility of maintaining an insurance license? 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? Oracle ADF Tech Blogs: 1Z0-1085-20: Oracle Cloud Infrastructure A. Considered true to the best of the applicant's knowledge. [Related to the Apply the Concept on page 652]An article in the Economist on the revisions to Nigerias GDP commented: The GDP revision is not mere trickery. a It does not apply to contracts for the sale of goods. A toxic substance produced by biological system is specially referred to as a ------. 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. b. This person cannot be a sales associate or a broker associate. Which policy component fluctuates depending on the policy type? group coverage IS NOT . To be able to shift sales staff around, Braggs would have to apply for a group license for his sales staff. Consider the following annualized rates for 3 -month Treasury yields and 10-year Treasury yields. Introducing Cram Folders! (A warranty in insurance is a statement guaranteed to be true. They will demonstrate successfully that they are using best practise to avoid. C. The agent accepts a premium payment after the end of the grace period. 7 Miscellaneous Personal Lines Coverage, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese. C. It is issued to group insurance participants. B. Upgrade to Microsoft Edge to take advantage of the latest features, security updates, and technical support. Life and Health Chapter 15 Flashcards | Quizlet Which of the following is correct regarding a temporary license? Every licensed individual must have and maintain a place of business accessible to the public, excluding the licensee's residence. Which of the following is NOT a goal of risk retention? 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.). An employee is insured under her employer's group life plan. A. the word carries the same meaning in both the English and German languages. It is issued to group insurance . A. If thats the case, you dont have to worry anymore. 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. Over the past several years, the owner, John Braggs, built single-family homes on each plot. In a single employer group plan, what is the name of the policy issued to the employer? a. A temporary license may be issued to the surviving spouse of a disabled or deceased producer. Please check below to know the answer. A group license is much different than holding multiple licenses. Also imagine that a few members of the group have Audio Conferencing licenses assigned directly. Cram has partnered with the National Tutoring Association, Risky Management: Homeland Security And Homeland Defense, Advantages And Limitations Of The Reinsurance Contract. AIt may be necessary for transacting business in a specific state. In fact, the agent has no such power.). Insurance companies may be classified according to the legal form of their ownership. The central theme of 2022 was the U.S. government's deploying of its sanctions, AML . 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. Which of the following statements regarding the temporary insurance license is not correct? What implications may this have for Partners X and Y? (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 . The insured may choose to convert to term or permanent individual coverage. He is also able to keep his sole proprietorship at Big Time Condo Sales, Inc. \hline 2005 & 3.21 & 4.29 \\ Consider the following example. Which of the following is NOT true regarding a Certificate of Authority. 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. b. the insurer can make policy charges without difficulty. A. The broker must hold a separate license for each separate agency. What is the maximum amount of time that an application may be backdated? On the "Group type" page, select Microsoft 365, then click Next. Which of the following terms best describes what the insurer has violated? A real estate broker may be issued multiple licenses under certain circumstances. Question: Which of the following is true regarding Article 2 of the Uniform Commercial Code (UCC)? A long-term care policy must be optionally renewable. It can the be used to license only selected users for the add-on product. Exam AZ-103 topic 6 question 1 discussion - ExamTopics a. The agency may not investigate an individual who is not designated as an MLO. \hline 2009 & 0.15 & 3.26 \\ Appointed by the State Senate and confirmed by the Governor .. She has asked you to give her information about what determines the level of various interest rates. A user has a license for Office 365 Enterprise E1 assigned directly, with all the plans enabled. I would definitely recommend Study.com to my colleagues. DIt is issued to group insurance participants., An insurance company has published a brochure . Create your account, 22 chapters | Answer: B. The broker can also remain a sole proprietor of his agency. There is no action required from the customer to fix this issue. Senior Laboratory Technician, Sound and Music at South Orange County Which of the following is NOT true regarding a Certificate of Authority? 3-Real Estate License Law and Commission Rules - Quizlet Please note that you will not receive a response to this feedback. (Only stock insurance companies are owned and controlled by stockholders.). A buy-sell agreement is simply a contract that establishes what will be done with a business in the event that an owner dies. Primary vs. A developer purchased a tract of land and subdivided the property into Individual lots. An example is if there aren't enough licenses for all, or if there are conflicts with other services that are enabled on the user. For example, consider a group that has Office 365 E3/E5 assigned with a Skype for Business service plan enabled. 2. All books and records pertaining to an MLO's operation must be made available upon request. Agents have binding authority Term policies are available as Level, Increasing, and Decreasing. In case of a loss, the indemnity provision in insurance policies does what? A A-3, B-4, C-2, D-1. What happens to the license status? Licensees that are members of the armed forces have all renewal fees, dues, continuing education, and other requirements waived during military service for how long? b. assumes a portion of the risk from another insurer. Mutual life Insurers must have $2,000,000 in surplus. Which of the following situations does not require the delivery of the Shopper's Guide? When a producer's check is returned and remains outstanding 30 days following receipt of such return, the insurer must report to the Commissioner What is a major problem with naming a trust as the beneficiary of a life insurance policy? The license fee could be based on a percentage of final sales revenue of the product, or the number of units sold. By putting the client's best interest before their own. You can specify the location under the User > Profile > Edit section in the Azure portal. A notification appears if there are any users in an error state. Calculate and interpret the sample correlation coefficient. a. Ch. 8 Georgia State Laws Flashcards | Quizlet A) Individuals working in a work group work on different objectives and are not dependent on each other. Staffa (Switzerland), January 5, 2023 - Sonova Holding AG, a leading provider of hearing care solutions, today unveils the launch of the Sennheiser Conversation Clear Plus earbu What is the major difference between a Stock Company and a Mutual Company? 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. B) The law of diminishing returns does not always apply to every situation. When an applicant is applying for an insurance contract, the statements he or she makes are generally not warranties, but representation. Ch. 15 Flashcards | Quizlet c. The number of finished units actually completed this period. The trust that a client places in the producer in regard to handling premiums. If Azure AD can't assign one of the products because of business logic problems, it won't assign the other licenses in the group either. Problem: User has LicenseAssignmentAttributeConcurrencyException for license assignment in audit logs. This lets you distribute the add-on to E1 and E3 users without consuming additional licenses. Which of the following is correct regarding prelicensing requirements? Which of the following is a statement that is guaranteed to be true, and if untrue, may breach an insurance contract? \end{array} A. The insured must be able to rely on the insurer's promise to pay covered losses.). Obtain a list of all life insurance policies that will be replaced. Steven prints a pamphlet to advertise his life insurance business. B. Group-based licensing in Azure Active Directory (Azure AD), part of Microsoft Entra, introduces the concept of users in a licensing error state. A handicapped dependent child may be covered under a parent's policy up to age 30. You can disable the E1 license that's directly assigned to the user. Depending on what steps you've taken to resolve the errors, it might be necessary to manually trigger the processing of a user to update the users state. B. 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. that the claim will be paid if the insurer becomes insolvent. Which nonforfeiture option provides coverage for the longest period of time? Which of the following is true of a children's rider added to an insured's permanent life insurance policy? An insurer invests the money it receives from premiums paid by its insureds. Open the group to its overview page and select Licenses. To properly obtain a group license, Braggs and his associates need to do a few things. They earn lower interest rates than fixed annuities. Solved Question 1 (1 point) Which of the following | Chegg.com \hline 2002 & 1.63 & 4.61 \\ A. Typically, a real estate broker will hold one license in a single real estate agency. Premiums are determined by the age, sex, and occupation of each individual certificate holder. b It applies to bonds, information, and other intangibles. A participating insurance policy may do which of the following? Is exempt from licensure under F.S. (c) a violation of FS 475. Who among the following statements is correct concerning certified insurance consultants? Holding multiple licenses gave Bob the ability to hold the title of broker at numerous real estate agencies at the same time. Which of the following statements is an accurate comparison between private and government insurers? B. Appointed by the Governor, Which of the following statements is correct concerning Workers' Compensation? In this article, we explain the reasons why users might end up in this state. What is a real estate broker sales associate. Which of the following correctly describes an Apprentice Adjuster's license? You can select your choice and check it instantly to see the answer with an explanation. An application of which the medical information is completed by the applicant and the agent only. What type of annuity contract could your client obtain? policy. \hline 19. flashcard sets. a. Coverage ends and the policy cannot be reinstated. Study with Quizlet and memorize flashcards containing terms like Which of the following is NOT true regarding a Certificate of Authority? by JayDJohnson, It is intended to provide coverage on a date earlier than the date of the issuance of the policy. Chapter 15 Exam - State Law Flashcards | Quizlet B. With respect to concealment or fraud in conjunction with the standard fire policy, which of the following is NOT correct? B. to English speakers, angst means an extreme state of anxiety experienced because of social isolation and loneliness. (d) legal, provided that the sales associate is an independent contractor, not an . Insurers must acknowledge the receipt of a notice of a claim within: Which of the following is correct regarding a temporary license? a) toxicant. Lien Theory State vs. \hline \text { Year } & \begin{array}{c} Serve to extend the knee c. Covered by the vastus fascia d. Located in anterior compartment of the thigh 10. Which of the following individuals must have insurable interest in the insured? B. The day's most visible group was Mothers Demand Action, members of which crowded the halls in a sea of red as they advocated lawmakers for gun control measures. D. To reduce expenses and improve cash flow. Economic Sanctions and Anti-Money Laundering Developments: 2022 Year in The New York Superintendent has the responsibility to make sure each entity transacting insurance in this state remains solvent. A. With respect to dependent handicapped children, which of the following is incorrect? A group license applies to an owner or developer who builds homes or other housing and utilizes sales associates to sell the properties. All other trademarks and copyrights are the property of their respective owners. C. Being liable with respect to payment of claims. A. What happens when a policy is surrendered for its cash value? The DBPR will issue a pseudo license number. The Commissioner may hold a hearing for any purpose within or out of the scope of the Code. 190 lessons Which if the following is TRUE regarding variable annuities? A temporary license for up to 12 months without having to pass an examination. The owner or developer must be in control of all of the developments in his portfolio that fall under the group license. (Insurers use reinsurance to protect themselves from catastrophic losses. We're . 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. Which of the following are the authorities that an agent can hold? When would a 20-pay whole life policy endow? Free Standardized Tests Flashcards about Health&Life - StudyStack Which of the following insurance providers would be considered a risk sharing arrangement? Series 6: (Multiple choice questions)TOXICOLOGY Question and - LinkedIn and Partner Z is personally insolvent. C. forces corn prices down. When Azure AD assigns group licenses, any users without a specified usage location inherit the location of the directory.