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Exam (elaborations) My MPJE Maine Pharmacy Law Study Set 2 Exam (elaborations) Maine Property and Casualty Licensing Textbook 3 Exam (elaborations) Maine Property and Casualty Insurance Chapter Questions 4 Exam (elaborations) maine life insurance LAW 5 Exam (elaborations) Maine Laws and Rules Common to Property and Casualty Insurance 6 Exam (

Zoning is under the control of: - answer-government agencies. A contract that is binding and enforceable in a court of law is said to be: - answer-valid. Escrows base monthly prorations on how many days? - answer-30 The area of a rectangular lot that is 50 feet wide by 100 feet deep is: - answer-5,000 sq. ft. For about how much assessed value is the Homeowner's Property Tax Exemption? - answer-$7,000 Misuse of the real estate appraisal report or coercion of the appraiser are no...

Superintendent of Insurance in Maine - answer-Eric Cioppa Superintendent of Insurance Definition and Broad Powers - answer-Head of the Bureau of Insurance, and has jurisdiction over all banking and insurance business in Maine. Appointed by the governor Remains in officer for 5 years, unless removed by impeachment Enforces the provisions of the insurance code. The superintendent has the powers and authority expressly vested by or reasonably implied from this title and has additiona...

What is insurance? - answer-The transfer of risk from an individual or business entity to an insurance company What is risk? - answer-The uncertainty or chance of a loss occurring; there are two types, pure risk and speculative risk What is peril? - answer-The causes of loss insured against in an insurance policy What are the three types of hazards? - answer-Physical, Moral and Morale What does indemnity mean? - answer-A provision to an insurance policy that states in the event of a ...

Insurance - answer-the transfer of financial responsibility associated with a potential of a lost to an insurance company, which in turn spreads the costs of unexpected losses to many individuals. Indemnity - answer-A provision in an insurance policy that states an insured is permitted to collect only to the extent of their financial loss and cannot make financial gains. Insurable Interest - answer-Any interest an insured may have in property that is the subject of insurance. Such as a mon...

Lapse - answer-policy termination due to nonpayment of premium Premium - answer-amount paid to the insurance company for the insurance policy "Insurance Transaction" (by email or other means) - answer-Solicitation Negotiations Sale Advising an individual concerning coverage or claims Elements of legal contract to be legally binding (4 Essential elements) - answer-1. Agreement 2. Consideration 3. Competent Parties 4. Legal Purpose Consideration (contract) - answer-Is so...

How much time does a person who was a party to a hearing have to appeal the order by the superintendent? - answer30 days As a prerequisite to maintaining a license, licensees must complete a continuing education requirement every: - answer2 years If jerry's insurance producer's license expires, how much time does he have to be reinstated without retaking the maine insurance licensing examination? - answer2 years What is the maximum life insurance death benefit liability to the mai...

Solicitation and cost disclosure - answer--buyers guide -policy summary -policy illustrations Buyers guide - answer-contains information that helps applicant decide how much life insurance to buy Determine what type of policy is needed and compares the costs of similar policies Policy summary - answer-written statement describing the elements of a life insurance policy Has name, address of producer & insured Has name of policy and each rider Tells annual premium, cash surrender v...

Appearance Enhancement - answer-a term used to encompass a broad range of specialty areas, including hairstyling, nail technology, and esthetics. Continuing Education - answer-education that is employment or license related: used to motivate, enrich, update skill sets, satisfy licensing requirements, or further our career. Cosmetology - answer-the art and science of beautifying and improving the skin, nails, and hair, and include the study of cosmetics, and their application. 3000 BC - ...