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Bundle for New York Insurance tests | compilation | everything you need
Bundle for New York Insurance tests | compilation | everything you need
[Montrer plus]Bundle for New York Insurance tests | compilation | everything you need
[Montrer plus]Article 12A - Real Property Law 
New York Board of Real Estate - 15 members, 13 appointed in which 5 are brokers, Secretary of State 
and Executive Director of Consumer Protection Board 
Broker - Person or business who is licensed to represent another person in a real estate transaction 
with the ex...
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Ajouter au panierArticle 12A - Real Property Law 
New York Board of Real Estate - 15 members, 13 appointed in which 5 are brokers, Secretary of State 
and Executive Director of Consumer Protection Board 
Broker - Person or business who is licensed to represent another person in a real estate transaction 
with the ex...
nsurance transfers - the risk of an loss for an individual or business to an insurance company which 
spreads out the costs to many individuals 
agency contract - a contract that is held between insurer and an agent/producer containing the 
expressed authority given to the agent/producer, and the du...
Aperçu 1 sur 4 pages
Ajouter au paniernsurance transfers - the risk of an loss for an individual or business to an insurance company which 
spreads out the costs to many individuals 
agency contract - a contract that is held between insurer and an agent/producer containing the 
expressed authority given to the agent/producer, and the du...
nsurance - transfer of risk hand 
pure - loss only; no financial gain; insurable 
speculative - loss or gain; financial gain; not insurable 
physical hazards - individual characteristics that increase the chances of the cause of loss 
moral hazards - tendencies toward increased risk 
morale hazards ...
Aperçu 1 sur 4 pages
Ajouter au paniernsurance - transfer of risk hand 
pure - loss only; no financial gain; insurable 
speculative - loss or gain; financial gain; not insurable 
physical hazards - individual characteristics that increase the chances of the cause of loss 
moral hazards - tendencies toward increased risk 
morale hazards ...
Which type of life insurance policy is best suited for paying off the outstanding balance of a 30-year 
mortgage in the event of the insured's death? - 30-year decreasing term. 
How many days notice does the ACA require insurers to give before rescinding coverage? - 30 
A signed good health stateme...
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Ajouter au panierWhich type of life insurance policy is best suited for paying off the outstanding balance of a 30-year 
mortgage in the event of the insured's death? - 30-year decreasing term. 
How many days notice does the ACA require insurers to give before rescinding coverage? - 30 
A signed good health stateme...
Based on the Human Life Value Approach, which of the following is NOT used to calculate an individual's 
life value? 
A. Insured's annual expenses 
B. Effect of inflation on income over time 
C. Predicted needs of the family after the insured's death 
D. Insured's current and future income - C. ...
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Ajouter au panierBased on the Human Life Value Approach, which of the following is NOT used to calculate an individual's 
life value? 
A. Insured's annual expenses 
B. Effect of inflation on income over time 
C. Predicted needs of the family after the insured's death 
D. Insured's current and future income - C. ...
Pro Rata Liability Clause is included in an insurance policy to deal with the problem of - Duplicate 
insurance policies 
The purpose of this clause is to illustrate the method to determine each insurer's liability in case of a 
loss. Each insurer pays its fair share determined by the percentage th...
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Ajouter au panierPro Rata Liability Clause is included in an insurance policy to deal with the problem of - Duplicate 
insurance policies 
The purpose of this clause is to illustrate the method to determine each insurer's liability in case of a 
loss. Each insurer pays its fair share determined by the percentage th...
Accelerated Benefits - Riders attached to life insurance policies which allow death benefits to be 
used to cover nursing or convalescent home expenses. 
Accidental Death Benefits - A policy rider that states that the cause of death will be analyzed to 
determine if it complies with the policy descr...
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Ajouter au panierAccelerated Benefits - Riders attached to life insurance policies which allow death benefits to be 
used to cover nursing or convalescent home expenses. 
Accidental Death Benefits - A policy rider that states that the cause of death will be analyzed to 
determine if it complies with the policy descr...
Dram Shop Liability refers to: - Liquor Law Liability. 
The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect the property 
from further loss. The additional loss that occurs as a result of his inactions may be denied because of 
what clause in the policy? - Negle...
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Ajouter au panierDram Shop Liability refers to: - Liquor Law Liability. 
The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect the property 
from further loss. The additional loss that occurs as a result of his inactions may be denied because of 
what clause in the policy? - Negle...
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