Eliminating property Study guides, Class notes & Summaries

What is the mission of the fire service? a. Completely eliminate the occurrence of fires in residential structures b. Protect personal and public property from fire and disrepair c. Save lives and protect property and the environment from fires and other hazardous situations d. Employ the all-hazard approach to providing community protection - Correct c. Save lives and protect property and the environment from fires and other hazardous situations When operating at highway/roadway inciden...

Seller Sally, listed with Broker Larry, sells her home to Buyer Bill for $200,000. Bill is represented by his own buyer's agent. An earnest money check for $2,000 is attached to the contract. After both parties have fully executed the contract, Larry deposits the check into his escrow account, per the contract instructions. Two days later, Larry receives notice that the check is being returned for "insufficient funds." What should Larry do first? correct answers contact Sally immediately and ...

Which agency became the "face of emergency management" in the 1950's? - Answer-United States Civil Defense The National Flood Insurance Act of 1968 lead to the creation of what program? - Answer-National Flood Insurance Program Under the Disaster Relief Act of 1974, which Federal agency had the greatest authority? - Answer-Department of Housing Which act created the United States Department of Homeland Security and is still described as the greatest federal reorganization to occur si...

Portfolio Manager - Advise. Asset acquisition, renovation, sale decisions affect owner's portfolio. Asset Manager - Analyze. Advise. Asset acquisition, renovation, sale decisions affect owner's portfolio affect asset's price or expected return. Property investment values or expected returns. Hiring property manager. Maintenance and prop conditions Property Managers - The day to day operations of the assets. Rent collection, marketing and tenant administration, property maintance an...

Insurance a contract in which one party (the insurance company) agrees to "make whole" the insured party against loss, damage or liability arising from an unlikely event In ___________ insurance, the policy protects survivors from losses suffered after the insured's death Life Insurance __________ the risk of loss from an individual or business to an insurance company Transfers Risk the uncertainty or chance of a loss occurring Pure Risk situations that can only result in a loss or no ...

Property and Casualty Insurance Practice Test Exam Questions & Revised Correct Answers. Guarantee Pass!! A self-insurer deals with risk by: -Transferring the risk -Avoiding the risk -Retaining the risk -Eliminating the risk - ANSWER : Retaining the risk A property and casualty agent must complete how many hours of CE? -12 hours each year -12 hours every 2 years by their due date -complete the approved courses as specified by the law every year -Complete the requirements for CLU...

Michigan Life and Health Examination (2024/2025) (Certified Solutions) Risk The uncertainty or chance of a loss occurring. The two types are pure and speculative. Pure Risk Refers to a situation that can only result in a loss or no change. There is no opportunity for financial gain. Speculative Risk Involves the opportunity for either loss or gain. Hazards Conditions or situations that increase the probability of an insured loss occurring. Hazards and classified as physical hazard...

EM1 Exam Questions and Answers 100% Pass Which agency became the "face of emergency management" in the 1950's? United States Civil Defense The National Flood Insurance Act of 1968 lead to the creation of what program? National Flood Insurance Program Under the Disaster Relief Act of 1974, which Federal agency had the greatest authority? Department of Housing Which act created the United States Department of Homeland Security and is still described as the greatest federal re...

risk correct answers the possibility that a loss may occur speculative risk correct answers possibility of loss, possibility of gain (gambling) pure risk correct answers only involving loss, not gain (car accident) exposure correct answers the possibility that loss will occur (house fire) loss correct answers the unforeseen, unintended damage to property, injury, amount paid hazard correct answers anything that increases the chances of a loss occurring moral hazard correct answ...

1978 - Answer- When did they reduce to Lead Levels in consumer products The underside of a horizontal surface which projects beyond a wall line, such as an overhanging roof. - Answer- What is a soffit? False - Answer- T/F: The risk assessor should be involved in the process of selecting a contractor. 1. There are big cracks in the walls. 2. Ceiling is leaking in the bathroom and the kitchen. 3. The window wells are in disrepair- and contain paint chips. 4. Right across the street the...