LICENSE WITH VERIFIED ANSWERS UPDATED
What is the maximum amount of time that a
license can be suspended for? - Answer 12
months
Any person who violates any of the
provisions of this act is guilty of a
misdemeanor and upon conviction thereof,
for each offence, will be sentenced to pay fine
not exceeding __ or _______. - Answer $500 or
undergo imprisonment not exceeding one
year or both.
The appraisal must: - Answer -be signed by
the appraiser before the appraisal is
submitted to the insurer, the consumer, or
another uninvolved party. (may utilize the
electronic signature)
-Not use abbreviations or symbols to
describe work to be done or parts to be
repaired or replaced unless an explanation of
the abbreviations and symbols are included.
-The dollar amount
, -A statement informing the consumer that
information regarding repair facilities which
will be able to repair the vehicle for the
appraised amount is available from the
insurer. If the consumer recieves information
from the insurer, the information must
include discolosure that there is no
requirement to use any specified repair shop.
If salvage value is listed, the appraiser must
disclose to the consumer in writing: - Answer
-the name and address of each salvage
bidder
-the amount
-the expiration date of each salvage bid
known
Guide Source Method - Answer The appraiser
must calculate the average of two figures
reflecting the retail book value of a vehicle of
like kind and condition, as provided by guide
sources approved by the Commissioner.
Actual Cost Method - Answer The appraiser
must determine the actual cost of purchase
of an available motor vehicle of like kind and