Voluntary surrender Study guides, Study notes & Summaries

A.D. BANKER: Life & Health - Comprehensive Exam Questions and Answers Already Graded A Legally speaking, a producer has a __________ duty when handling life insurance premiums and applications for an insurer. Fiduciary It is the _________ who issues a Certificate of Authority enabling an insurer to conduct insurance business within a particular state. State Insurance Commissioner When an applicant for life insurance faces potential financial loss in the event of injury or sickness of an insur...

Straighterline American Government Studied Questions and Aswers social contract - CORRECT ANSWER-Term coined by Thomas Hobbes: A voluntary agreement whereby people would surrender their natural freedoms in exchange for protection from the government or ruler. politics - CORRECT ANSWER-The resolution of conflict through a process of making governing decisions based on rules. constitutionalism - CORRECT ANSWER-Principle that officials must govern according to specific laws and are not ...

NC State LIFE Insurance Exam Questions and Answers Already Graded A+ Insurable Interest Something of value that, if lost, would cause you financial harm. Must exist upfront at time of application. Legitimate financial reason for buying insurance. Impersonation Wrong person takes medical examination/test in connection with application for insurance. *Can be contested beyond 2 year incontestable clause* Adhesion Ins. Co. designs original contract. Insured has little or no control of conten...

MRL3701 EXAM PACK. 100% CORRECT questions, answers, workings and explanations. Question 1 1.1 Briefly explain what is meant by the concept of “concursus creditorum”. (5) (Your answer must not exceed half a page or 120 words) 1.2 Explain why the court in Ex Parte Arntzen (Nedbank Ltd as Intervening Creditor) 2013 (1) SA 49 (KZP) held that creditors are more vulnerable in voluntary surrender applications than in compulsory sequestration which then gives rise to the requirement of a high...

Minimum Age for becoming a Notary in PA - Answer-18 years of age ( Sec 321 a 1) Maximum time requirement for the bond, oath of office and commission to be recorded in the office of recorder of deeds of the county in which the Notary maintains an office - Answer-45 Days Under RULONA and applicant for a commission to obtain a surety bond from an insurance company licensed in PA in the order of the amount - Answer-$10,000 RULONDA requires a surety company or issuing entity of the bond to give ...

Insured - Answer-A person or entity that is covered by the insured includes loss of life, health, property, or liability Owner - Answer-Responsible for paying the policy's premium that has rights under the contract Stockholders - Answer-Owned by stock company Policyholders - Answer-A mutual company put in management to carry out the company's mission Reciprocal Insurance Company - Answer-Group owned insurer whose main activity is risk sharing Lloyds of London - Answer-Consists of groups ...

Why do contemporary police officers have a higher chance of dealing with a hostage/barricaded subject situation than in the past? Faster response time to the calls Better equipment and patrol procedures What are the four main criteria for determining if a barricaded subject situation exists? -The suspect is known to be armed or reported to be armed -The suspect is believed to have been involved in a criminal act or poses a significant threat of serious bodily injury or death to officers...

Minimum age to become a Notary in PA - 18 years of age What is maximum amount of time to record bond, oath of office and commission at the Recorder of Deeds in the county which the notary maintains an office? - 45 Days Under RULONA, what amount must surety bond from insurance company licensed in PA in? - $10,000 RULONA requires a surety company provide the Department of State how many days notice before canceling the bond? - 30 Days The department of state may impose an administrativ...

Chapter 5: Life Insurance Questions and Answers Already Passed Insurable Interest Imposed by law to prevent gaming/wagering. 1)Personal 2)Business What is the PURPOSE of Insurable Interest? We don't want people to profit off the death of someone there is no financial interest in. (4) Personal Parties where there's Insurable Interests in the insured: 1) Parent to the child 2) Child to the Parent 3) Grandparent to Grandchild 4) Siblings BLOOD RELATIVES *Another ex: Spouses to each other (3) B...

Mpoetc exam 2023 Questions Answered 100% correct Title 75 vehicle code Title 18 Crimes Code Title 75 chapter 11 Titles Title 75 chapter 13 Registration Title 75 chapter 15 Licensing Title 75 chapter 16 CDL title 75 chapter 33 Rules of the road Simple assault Section 2701 Aggravated assault Section 2702 Title 75 section 3327 Steer clear section Amendment 1 Freedom of speech, press, religion, assembly, and petition. ...