VA LRR – PRENEED EXAM QUESTIONS AND
ANSWERS 100% PASS |ALREADY GRADED A+|
VERIFIED AND UPDATED
Until the contract seller or contract provider can deposit the money into
a trust, life insurance, or annuity policy, they must deposit it into an
escrow account within ___ banking days. - correct answer-5
When the consideration consists in whole or in part of any real estate,
the following two things shall occur: (same word for both blanks)
1. the preneed contract shall be recorded as an attachment to the ____
whereby the real estate is conveyed, and
2. the ____ shall be recorded in the clerk's office in the circuit court of
the city or county in which the real estate being conveyed is located. -
correct answer-deed
When the consideration consists in whole or in part of any personal
property, the following shall occur:
, 1. Personal property shall be transferred by _______________ (2
words) or transfer of the _______ (1 word) to the personal property -
correct answer-actual delivery; title
When the consideration consists in whole or in part of any personal
property, within 30 days of receiving the personal property of its title,
the licensee or person delivering the property shall:
1. Execute a written __________________________ (3 words) setting
forth the terms, conditions, and considerations upon which the
personal property is delivered, AND
2. Record the _______________________ (2 words) in the clerk's office
of the circuit court of the locality in which the person delivering the
property is living; OR
3. Record the _______________________ (2 words) in the clerk's office
of the circuit court of the locality in which the person delivering the
property or trust agreement is living, provided that the preneed
contract sets forth the terms, conditions, and considerations of the
trust. - correct answer-delcaration of trust; trust agreement; preneed
contract
ANSWERS 100% PASS |ALREADY GRADED A+|
VERIFIED AND UPDATED
Until the contract seller or contract provider can deposit the money into
a trust, life insurance, or annuity policy, they must deposit it into an
escrow account within ___ banking days. - correct answer-5
When the consideration consists in whole or in part of any real estate,
the following two things shall occur: (same word for both blanks)
1. the preneed contract shall be recorded as an attachment to the ____
whereby the real estate is conveyed, and
2. the ____ shall be recorded in the clerk's office in the circuit court of
the city or county in which the real estate being conveyed is located. -
correct answer-deed
When the consideration consists in whole or in part of any personal
property, the following shall occur:
, 1. Personal property shall be transferred by _______________ (2
words) or transfer of the _______ (1 word) to the personal property -
correct answer-actual delivery; title
When the consideration consists in whole or in part of any personal
property, within 30 days of receiving the personal property of its title,
the licensee or person delivering the property shall:
1. Execute a written __________________________ (3 words) setting
forth the terms, conditions, and considerations upon which the
personal property is delivered, AND
2. Record the _______________________ (2 words) in the clerk's office
of the circuit court of the locality in which the person delivering the
property is living; OR
3. Record the _______________________ (2 words) in the clerk's office
of the circuit court of the locality in which the person delivering the
property or trust agreement is living, provided that the preneed
contract sets forth the terms, conditions, and considerations of the
trust. - correct answer-delcaration of trust; trust agreement; preneed
contract
