Unincorporated Study guides, Revision notes & Summaries

Texas all lines adjuster exam QUESTIONS AND CORRECT DETAILED ANSWERS ( VERIFIED ANSWERS) |ALREADY GRADED A+ 2023 Private, unincorporated mutual insurers that consist of associations that agree to equally share risks among its members are known as: - CORRECT ANSWER Reciprocal exchanges. Under Coverage F - Medical Payments in Section II of the standard Homeowners policies, medical expenses for the injured party will be paid as long as the claim is submitted: - CORRECT ANSWER Wit...

Indirect Loss - Answer- A secondary loss that follows from a direct loss to insured property from a covered peril. Ex. Hotel expenses incurred by the insured while a fire-damaged home is repaired is an indirect loss that follows the direct loss of the home. Exclusive Agency System - Answer- An insurance distribution system in which producers (agents) represent a single company. Ex. In the exclusive agency system, insurers use independent contractors (exclusive agents) that represent only on...

Enrolled Agent - Part 2 questions with correct answers 2024 Definition of Self-employed - Answer- You are self-employed if you carry on a trade or business as a sole proprietor or an independent contractor. Statutory employees - Answer- 1. Pay FICA tax through their employer, and so do not pay self-employment tax (Employer pays Social Security and Medicare taxes in the form of FICA). 2. Less expensive to hire than regular employees because the employer does not have to pay unemployment ta...

Exam : AIRS: CRS Practice Exam Inclusion/exclusion criteria should be primarily based on the:# - ANS needs of the community served by the I&R. When adding organizations to the resource database, which of the following is the most important data element? - ANS Service description A resource database field contains: - ANS One or more data elements. When providing an external agency with training on how to use an online resource database, it is most important t...

All of the following are included in the definition of person under the Uniform Securities Act EXCEPT a deceased individual an unincorporated association a political subdivision the custodian for a minor - ANSWER a deceased individual A minor, but not the custodian, a deceased individual, and an individual whom the court has deemed incompetent are not persons under the USA. Natural persons and legal entities are persons under the USA. 1.1

Warning Intelligence CORRECT ANSWER Those intelligence activities intended to detect and report time sensitive intelligence information on foreign developments that forewarn of hostile actions or intention against United States entities, partners, or interests. Validation CORRECT ANSWER A process associated with the collection and production of intelligence that confirms that an intelligence collection or production requirement is sufficiently important to justify the dedication of intelligen...

MN Salon Manager Test Questions with 100% correct answers MN Salon Manager Test Questions with 100% correct answers A ________ is any person who for compensation performs cosmetic care of the hair, skin & nails. Cosmetologist "__________" is the practice of personal services for the comensation, for the cosmetic care of the hair, nails, and skin. Cosmetology An ___________ is any person who, for comensation, performs personal services for the cosmetic care of the skin only. Esth...

GA DRIVERS ED FINAL EXAM SET QUESTIONS AND ANSWERS, 100% ACCURATE. You are about to make a left turn. You must signal continuously during the last _____ feet before turning - -100 Does a larger truck have a bigger blind spot than most passenger vehicle? True or False - -True If you have been involved in a minor traffic collision with a parked vehicle and you can't find the owner. What must you do? - -You must: Leave a note on the vehicle and report the accident without delay to city p...

Mississippi Insurance (Property & Casualty) Latest 2024 Graded A+ Insurance Regulated at the state level Insurance code State insurance law Commissioner of Insurance Chief Officer of the Insurance Department Commissioner of Insurance Elected to a 4 year term Commissioner of Insurance Takes an oath of office and furnish a $25,000 bond which guarantees the faithful performance of the duties of the office Mike Chaney State Insurance Commissioner & State Fire Marshal NAIC Nati...

Insurance is defined as... - the transfer of PURE risk to the insurance company in consideration for a premium Pure risk is... - the chance of loss without any possibility for gain Speculative risk is... - the possibility for gain or loss and is not insurable Risk is defined as... - the chance for loss An exposure is... - a condition that could result in a loss A hazard is... - something that increase the chance of loss The presence of a physical hazard... - increases the chance of a loss...