Texas All Lines Adjuster Laws & Regulation exam 2023. 1. All of the following are exempted from the requirement of an adjuster's license examination except: A. Those persons holding CPCU designation; B. those persons adjusting workers compensation claims; C. Those persons who have received the Associate in Claims (AIC) designation; D. Those persons who have a certificate of completion showing that within the past 12 months the applicant has completed a certified adjuster prelicensing ed...

CON 2370 SIMPLIFIED ACQUISITION PROCUDURES EXAM / 60+ QUESTIONS AND CORRECT ANSWERS 2023/2024 /GRADED A+ LATEST UPDATE. CON 2370 Simplified Acquisition Procedures Take 14 2023 1. Which one of the following statements is true regarding the policies for the use of simplified acquisition procedures (SAP)?: Not - Purchases shall be made in the simplified manner that is most suitable to the circumstances of the acquisition. Not - The use of SAP is authorized for all commercial acquisitions ...

AAMI Business LawAcceptance - correct answer An agreement to an offer resulting in a contract. Accord and satisfaction - correct answer An agreement made and executed in satisfaction of the rights one has from a previous contract. Agent - correct answer The party appointed by the principal to enter into a contract with a third party on behalf of the principal. Agency - correct answer The relationship that exists between a person identified as a principal and another by virtue of which t...

Accounting 1 Terms- AAMIAccount - correct answer a device for recording the changes (increases or decreases) in the fundamental accounting elements. Accountant - correct answer one who is concerned with the design of the system of records, the preparation of reports based upon the recorded data, and the interpretation of the reports. Account balance - correct answer the difference between the total debits and the total credits in an account. Accounting - correct answer a language of bus...

Business Law AAMIDefamation - correct answer the general term used for the harming of a persons reputation and good name. For the act of defamation to be considered the following must be true: - correct answer The statement must be untrue. For the act of defamation to be considered the following must be true: - correct answer The person making the statement knows it is untrue. For the act of defamation to be considered the following must be true: - correct answer The statement is made i...

Small Business Management AAMI Advertising - correct answer the art of making the public aware of the services or commodities that the business has for sale. Age Discrimination in Employment Act - correct answer federal legislation that requires employers to treat applicants and employees equally regardless of age. American with Disabilities Act (ADA) - correct answer legislation that guarantees disabled people equal access to employment, as well as access to public places. Angels - co...

Basic Appraisal Principles Final ExamIn a particular market, there is a demand for 500 houses per year, and there are currently 1,500 houses for sale. What does this most likely indicate? - correct answer there is a three-year supply of homes currently for sale "A business arrangement in which two or more persons jointly own a business and share in its profits and losses" is the definition of - correct answer partner transferable development rights ship Property Owner A has the right to ...

Sales Comparison Approach McKissock ClassWhat is created in the mind of an individual or market participant? - correct answer Value What is the motivation of an individual, group of persons, or business entity involving the purchase of an item? - correct answer Desire As the term applies to appraisal, transferability refers to the number of goods and services that can be purchased with a unit of currency. (T/F) - correct answer True What does not include physical mobility, but rather th...

A passenger in a friend's car is injured while getting into the car. Which of the following statements would apply if both the passenger and the driver had medical payments coverage under a personal auto policy? - The driver's policy would be primary Under the personal auto policy, liability for bodily injury resulting from the insured's use of a nonowned automobile is - Provided by the insured's policy on an excess basis. An employee is injured while visiting the employer's out-of-s...

A passenger is injured while getting into a friend’s car. Which of the following statements would apply if both the passenger and the driver had medical payments coverage under the auto policy. - The driver’s policy would be primary. Adverse selection is a concept best described as: - Risks with higher probability of loss, seeking insurances more often than other risks. An example of an alien insurer doing business in NY is one formed under the laws of - Mexico According to the ...

The modern word for plumber is derived from the Latin word for - CORRECT ANS A person who works with lead LEED applies to all areas of the profession, except - CORRECT ANS Renovation Water that comes from laundry and bathtubs and reused in known as - CORRECT ANS Graywater Suggested national plumbing standards are called - CORRECT ANS Model codes You are offered a job by another contractor before you have fulfilled your current obligations. The professional response is to - CORRECT ANS A...

Manny is purchasing a Commercial Property policy with a Business Income form included. Manny can select from any of the following as a method to provide coverage, while avoiding the coinsurance requirement, EXCEPT: - CORRECT ANS The maximum monthly limit of indemnity optional coverage The traditional definition of actual cash value (ACV) is: - CORRECT ANS Replacement cost minus depreciation Sam and Dan are working to clean out the gutters around the roof on Sam's house. Sam and Dan are s...