Colorado property Study guides, Study notes & Summaries

Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) -ANSWER Laws that provide federal control of pesticide distribution, sale, and use. EPA carries out enforcement. Users must take exams for certification as applicators. EPA must register new pesticides and re-register all existing pesticides. Applies to people who manufacture, market, distribute, use, or dispose of pesticide products. What are the two main pesticide classifications? -ANSWER General use and restricted use Gen...

Test Bank and Solution Manuals for Introduction to Federal Income Taxation in Canada, 44th Edition () By Nathalie Johnstone CHAPTER 1 Introduction Solution 1: Identify section of the Act The following summary is discussed in more detail below: Case Topic Part Division Subdivision Provision (A) Person ..................................................... XVII — — subsection 248(1) (B) Donation by individual............................ I E a subsection 118.1(3) (C) Balance-due day......

COLORADO PSI REAL ESTATE ACTUAL EXAM WITH 200 REAL EXAM QUESTIONS AND 100% CORRECT ANSWERS WITH RATIONALES(GUARANTEED PASS) COLORADO REAL ESTATE PSI ACTUAL EXAM QUESTIONS WITH CORRECT ANSWERS (BRAND NEW!!) Colorado law requires buyers to be notified of the source of water for residential properties, how does the buyer receive this notice? A. The buyer's listing contract B. The water department sends a notice after closing C. Contract to Buy and Sell or listing contract D. Seller...

How often must an insurer who sells personal lines property and casualty policies recalculate a consumer's insurance score or obtain an updated credit report? - Every 36 months. (The least often the insurer must pull the credit report is once every 3 years. The most often an insured can request that the credit report be pulled, for the purposes of insurance rating, is every 12 months [annually]) An insurer who frequently misses deadlines to respond to inquiries from the Division of Insuranc...

Colorado Property & Casualty - from practice exam | Questions with 100% Correct Answers | Verified | Updated 2024

If a producer misrepresents a part of a policy, will the Insurer cover a claim made for the misrepresentation? CORRECT ANSWER Yes, if an agent mistakenly says something untrue about a policy, the company WILL cover the loss b/c the agent legally represents the insurer. The insurer may seek reimbursement from Agent for their error. When must a certificate of Authority be renewed each year in the State of Colorado? CORRECT ANSWER June 30th Estoppel CORRECT ANSWER Prevents a party from enforc...

Colorado Real Estate – Contracts Exam Questions and Answers 100% Pass vicarious liability - Correct Answer ️️ -a principal's liability for an agent's acts performed within the scope of the agency; specifically excluded by Colorado statute from a principal's liability unless the act or omission was approved, directed or ratified. (The employing broker is responsible to licensees actions) Sam is an associate broker who wishes to purchase investment property. What must Sam do when t...

Law of Large Numbers - This states that the larger the number of people with a similar exposure to loss, the more predictable actual losses will be. This law forms the basis for statistical prediction of loss upon which insurance rates are calculated Example of Law of Large Numbers - When an insurance company issues a policy on a 35-year old male, the company has no way of knowing or accurately predicting when he will die. But LOLN looks at a large group of similar risks-and makes some conc...

Colorado Property & Casualty - from practice exam Questions and Answers 100% Pass If a producer misrepresents a part of a policy, will the Insurer cover a claim made for the misrepresentation? - Correct Answer ️️ -Yes, if an agent mistakenly says something untrue about a policy, the company WILL cover the loss b/c the agent legally represents the insurer. The insurer may seek reimbursement from Agent for their error. When must a certificate of Authority be renewed each year in the Stat...

The term insurance transaction includes: - correct answer 1) Solicitation; 2) Negotiation; 3) Sales; 4) Advertising Adverse Selection (insurance def) - correct answer Insuring the risks that are more prone to losses than the average risk Agent/Producer - correct answer a legal representative of an insurance company; the classification of producer usually includes agents and brokers; agents are the agents of the insurer Applicant or proposed insured - correct answer a person applying for...