Prepayment Study guides, Class notes & Summaries

XCEL solutions questions and answers rated A+ passed!A partial surrender is allowed in which of the following life policies? Universal life All of the following riders can increase the death benefit amount EXCEPT Waiver of Premium A health insurance policy where the insurer has the right to terminate the policy fr reasons other than the insureds health is called Conditionally Renewable A proposed insured for a health insurance policy was treated for heart disease within t...

FAC1601 ASSIGNMENT 1 Semester 2 2023 (ANSWERS) Question 1 Answer saved Marked out of 1.00 Question 2 Answer saved Marked out of 1.00 Question 3 Answer saved Marked out of 1.00 QUIZ The definition of a liability is: A. A future economic resource controlled by a reporting entity as a result of a past event. B. A future economic resource controlled by a reporting entity as a result of a future event. C. A present economic resource controlled by a reporting entity as a result of a pa...

A homeowner has negotiated with a neighbor to obtain the permanent right to pass over the northern part of the neighbor's land to gain access to the river. He pays the neighbor $9,000 for the right of access and receives a deed. This is an easement - ANSWER-appurtenant A tenant rented an apartment, signing a 15-month lease. After the lease expired, the tenant paid 1 month's rent and got a receipt. What kind of leasehold does the tenant have? - ANSWER-Tenancy at will The main difference b...

CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B) - P(AB) Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - Rₜ) / σ Larger ratio is better If (Rₜ) is risk free rate, then it becomes Sharpe Ratio Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ Larger ratio is better If (Rt) is higher than RFR, then it becomes Safety First Ratio Centra...

Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers more than one piece of property. Wraparound Mortgage - c...

12.1% - Correct ️️ # of improper Medicare Fee-For-Service claim payments, according to Federal Government. FFS - Correct ️️ Fee-For-Service Prepayment Review - Correct ️️ Review of claims prior to payment. Prepayment reviews result in an initial determination. Postpayment Review - Correct ️️ Review of claims after payment. May result in either no change to the initial determination or a revised determination, indicating an underpayment or overpayment. Underpaymen

Why is prepayment less of an issue with commercial loans than it is with home mortgage loans? Explain Yield Maintenance & Defeasance prepayment restrictions. - ANSWER 1) Commercial loans have strong call protections and penalties to the borrow if they prepay the loan. Home loans do not have prepayment penalties. Yield Maintenance Penalty - Present Value of lost payments will be paid to the lender to maintain their expected yield Defeasance - lost payments from prepayment are replaced wi...

FLORIDA 2-15 INSURANCE LICENSE EXAM |50 NEW QUESTIONS AND ANSWERS + RATIONALE What is the minimum free look period for life insurance policies in Florida? Select one: a. 14 days b. 21 days c. 30 days d. 31 days Rationale: The unconditional refund time (free look period) for life insurance policies in Florida is at least 14 days. Tim has a special savings medical plan whereby the funds do not rollover from year to year. This plan is a: Select one: a. Group health insurance b. HRA ...

SC REAL ESTATE EXAM PRACTICE COMPLETE REVIEW QUESTIONS AND ANSWERS, GRADED A+ Darryl owns a property in a critical coastal area in South Carolina. What obligation does he have? - - Darryl must disclose that the property lies in a critical area and is subject to limitations. South Carolina licensee Joseph tells his client that a property is zoned as residential, even though he knows it's zoned as commercial. This violation is an example of ______. - -Making a substantial and willful mis...

12.1% - ANSWER # of improper Medicare Fee-For-Service claim payments, according to Federal Government. FFS - ANSWER Fee-For-Service Prepayment Review - ANSWER Review of claims prior to payment. Prepayment reviews result in an initial determination. Postpayment Review - ANSWER Review of claims after payment. May result in either no change to the initial determination or a revised determination, indicating an underpayment or overpayment. Underpayment - ANSWER A payment a provider recei...