Misrepresentation Study guides, Class notes & Summaries

J is a producer who has induced an insured through misrepresentation to surrender an existing insurance policy. What is J guilty of? - Twisting What is implied authority defined as? - Authority that is not specifically given to an agent contract, but that an agent can reasonably assume to carry out his/her duties A person who is a nonsmoker, average weight, excellent health would fall into what risk classification? - Preferred Which of the following is considered to be the period when the ...

WEBCE Practice Exam 100 Questions and Answers 100% Accurate WEBCE Practice Exam 100 Questions and Answers 100% Accurate WEBCE Practice Exam 100 Questions and Answers 100% Accurate In general, what is the earliest age at which a person can take a distribution from a qualified plan without a tax penalty? - ANSWER-59 1/2 Carol was 35 when she bought her deferred annuity. Now, at age 38, she wants to withdraw funds from the contract to take a vacation. Carol is likely to encounter al...

Which of these would not be considered a presumptive disability? - Answer- loss of a leg or arm Group dental plans will frequently place a limit on annual benefits in order to minimize - Answer- adverse selection Sharon is the policyowner of a $50,000 life insurance policy. Her son, Mike, is the beneficiary. If Sharon MUST obtain Mike's signature in order to change the beneficiary, what kind of beneficiary designation is this? Tertiary Contingent Revocable Irrevocable - Answer...

The Fair Housing Board of Virginia has just issued a charge of discrimination. What is true about this situation? The charge is moved on to the Real Estate Board of Virginia. The charge is referred to the attorney general's office. The defendant must now hire an attorney. This means that the fair housing complaint involved a real estate agent. The next step in this process is that the charge is referred to the attorney general's office. -ANSWER The charge is referred to th...

Purdue COM 114 Test Out Vocab Latest Update 100% Correct types of plagiarism misrepresentation, cut and paste, incremental, self-plagiarism, excessive collaboration misrepresentation "core plagiarism;" taking someone else's work and claiming it as one's own cut and paste plagiarism piecing together information from multiple sources or simply small excerpts from articles incremental plagiarism failing to give credit for paraphrased material self-plagiarism saying something one has already...

WA FUNDAMENTALS FINAL EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE. Which of the following is most likely to be considered a fixture? A. Draperies B. lamp C. Plumbing D. Washing Machine - -C. Plumbing A life estate will last until: A. Economic conditions render it unfeasible B. The death of the grantor C. the death of the recipient D. the recipient moves out - -C. the death of the recipient The deed that states that there is A. Grant Deed B. Bargain and sale deed C. Quit...

WA FUNDAMENTALS FINAL EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE. Which of the following is most likely to be considered a fixture? A. Draperies B. lamp C. Plumbing D. Washing Machine - -C. Plumbing A life estate will last until: A. Economic conditions render it unfeasible B. The death of the grantor C. the death of the recipient D. the recipient moves out - -C. the death of the recipient The deed that states that there is A. Grant Deed B. Bargain and sale deed C. Quit...

MA Property and Casualty InsuranceAgreement - correct answer The offer and acceptance Consideration - correct answer Exchange of values (premium paid vs promise to pay claims) Legal purpose - correct answer Contract cannot be enforced if based on illegal Unilateral - correct answer Developed by one party Adhesion - correct answer Drafted by insurer and accepted by applicant Aleatory - correct answer One party may recover more in value than he or she has parted with Conditional ...

Barney Fletcher Pre- Licensing Vocabulary Exam Questions and Answers Open Listing - Ans ️️ a listing made available to more than one broker Novation - Ans ️️ substitution of a new contract for an old one Net Listing - Ans ️️ a listing where the net amount due to the seller us specified, rather than the selling price. The broker's commission would be any sale price above the target's price Net Lease - Ans ️️ a lease whereby the tenant pays most of the expenses of ownersh...

A fiduciary relationship - answer- a relationship Where the agent acts on behalf of the client A cooperative broker - answer- sells the listing of another broker Unscrupulous license holders - answer- the texas real estate commission's main purpose is to protect the public from Agency - answer- an agency relationship exists when one person acts for or on behalf of another person. The licensee did not know of the falsity of the misrepresentation - answer- the amendments in 1996 to t...