I sell a variety of paper including AQA papers where each has a merged marking scheme simply buying both papers at a price of one

Is the following statements found in the Homeowner/Tenant/Condo policy is correct: The insured may have the option of a "replacement cost" basis settlement on his building(s) as long as it is on the same location and is done within a reasonable time, but the insured may be penalized in the amount of the settlement if the insured's building is insured for less than 80% of its value. - ️️Correct In the case of a tenant package policy "Dwelling" means what? - ️️the portion of the bu...

The Manager, under the RIBO Act, may cancel the license of a member for non-payment of any prescribed fee after giving the member at least: - ️️1 month notice in writing of the default and intention to cancel the registration subject to the continuing jurisdiction of the Corporation. Upon successful completion of the examination, you may qualify for registration as an insurance broker. If issued, the registration will be "restricted to acting under supervision." Which one (1) of the fol...

The Manager, under the RIBO Act, may cancel the license of a member for non-payment of any prescribed fee after giving the member at least: - ️️1 month notice in writing of the default and intention to cancel the registration subject to the continuing jurisdiction of the Corporation. Upon successful completion of the examination, you may qualify for registration as an insurance broker. If issued, the registration will be "restricted to acting under supervision." Which one (1) of the fol...

incapicitated member - ️️a member suffering froma physical or mental condition or disorder and can no longer carry on business as a registered insurance broker, this is typically determiend by the manager. insurance broker - ️️any person who for any comepnsation, commission or other thing of calue, with respect to persons or property in ontario, deals directly with the public. member - ️️an individual, partnership or corporating registered under this act to carry on business as...

Implied Contract - ️️a contract that comes about from the actions of the parties Express Contract - ️️Terms have been specificity states and agreed upon by both parties Reinsurance - ️️insurance for insurance companies Frequency - ️️Percentage of what we insure. severity - ️️$ amount of the loss contract - ️️agreement between two or more parties void - ️️The policy never existed. Any premium received must be returned. legal entity/person - ️️S...

Risk - ️️Chance of a loss Which type of risk is insured and why? - ️️Pure risk, because speculative risk is comparable to gambling. 3 Ways risk (management) is dealt with? - ️️REDUCE: preventative measures ASSUME/RETAIN: Self-insure TRANSFER: purchase insurance Which of the following is not a risk? A) Assume or retain risk B) Reduce the risk C) Doing nothing / avoiding the risk D) Transfer the risk - ️️C) Doing nothing / avoiding the risk Insurer - ️️Insura...

Which of the following statements best describes actual cash value? - ️️The replacement cost at the time of loss less depreciation Personal injury liability under the Commercial General Liability Policy covers sums that the insured becomes legally obligated to pay: - ️️Because of injury to a person's character by such things as false arrest or malicious prosecution. Under an automobile policy, property damage means damage to which of the following? - ️️Property of others but n...

Which of the following provinces offer only government compulsory auto insurance? - ️️British Columbia, Manitoba and Saskatchewan The definition of ordinary negligence? - ️️Is the failure to do what a reasonable person would do in a given situation. A broker/agent is responsible for what? - ️️Writing only those classes of business acceptable to his/her insurer. An insurance contract contains all of the elements of any other legal contract. One element that must also be conta...

Insurance CIC 22 - ️️The legal agreement or contract whereby the two parties involved agree to the limits of the indemnification, the circumstances under which it will occur and what things of value will be exchanged by the parties to the contract. Transfers the risk of lass from an individual or business entity to an insurance company, which in turn spreads the costs of unexpected losses to many individuals. Define what a Person is: - ️️A legal entity, which acts on behalf of itse...

The cost of services charged by the Health Insurance Counseling Advocacy Program (HiCap) is $25 per appointment - ️️no cost Which of the following acts is NOT a Federal offense committed by an insurance agent? - ️️Misrepresentation on an insurance application The California Life and Health Insurance Guarantee Association covers all of these types of policies EXCEPT Whole life - ️️Self-funded plans Which of the following is NOT a primary objective of insurance regulation?...