Apparent authority Study guides, Class notes & Summaries

Wide Area Workflow (WAWF) is a paperless contracting DoD-wide application designed to eliminate paper from the receipts and acceptance process of the DoD Contracting lifecycle. The goal is to enable authorized Defense contractors and DoD personnel the ability to create invoices and receiving reports and access contract related documents. . True . False - ANSWER-. True When assessing a contractor's performance, a COR may monitor in all of the following ways EXCEPT: . Review Progress Re...

Primerica UCanPass Practice 2023 Questions and Answers with complete solution 401 K Plan A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollars. Absolute Assignment v. Collateral Assignment Absolute: A permanent and irrevocable transfer of rights and/or benefits by the policyowner. Collateral: A temporary and/or revocable transfer of benefits by the policyowner. Accelerated Death Benefit Policy provision that allows full or partial ...

CFP EXAM 2024 WITH 100% ACCURATE SOLUTIONS What are the Laws of Agency (insurance)? - correct answer Express authority, Implied Authority, Apparent authority What are the Exemptions to Filing as an Investment Adviser? - correct answer - Advisor whose only clients are insurance companies - Family office What are the Exceptions to Filing as an Investment Adviser? - correct answer - Banks that are not also investment companies - Lawyers, accountants, teachers - advice is incidental - ...

Accumulated Depreciation - ANSWER-The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - ANSWER-A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) Adhesion - ANSWER-One of the characteristics of an insurance contract. Means that one party (the insurer) sets the terms, and the other ...

VA Health and Life Insurance Questions and Answers Already Passed Why would a large corporation choose to self-insure rather than buy an insurance policy from an insurance company? a) to avoid having to comply with individual state laws b) to cover against an occasional but high-severity loss c) to insure against frequent but low-severity losses d) for tax abatement purposes c) to insure against frequent but low-severity losses A large company that is willing and financially able...

CHAPTER1: ANSWERS AND RATIONALES 1. Which change represents the primary impetus for the end of the era of the female lay healer? 1. Perception of health promotion as an obligation 2. Development of a clinical nurse specialist position statement 3. Foundation of the American Association of Nurse-Midwives 4. Emergence of a medical establishment Page: 4 Feedback 1. . Lay healers traditionally viewed their role as being a function of their community obligations; however, the emerging medical establi...

Express Actual Authority: - ANSWERSAuthority explicitly given to the agent through the principal's written or oral instructions Implied Actual Authority: - ANSWERSauthority to do what is usual, customary and necessary to accomplish the action. No express agreement Apparent Authority: - ANSWERSsomeone reasonably believes an individual has the authority to act on the behalf of the government Delegation of authority: - ANSWERShe FAR and states that each authority is delegable unless speci...

Louisiana P&C Adjuster Exam Prep Chapter 2 Questions and Answers (Graded A)Louisiana P&C Adjuster Exam Prep Chapter 2 Questions and Answers (Graded A)Louisiana P&C Adjuster Exam Prep Chapter 2 Questions and Answers (Graded A) The one who receives the authority to act on behalf of someone else? - ANSWER-Agent what does a sale's agent receive authority for? - ANSWER-to sell An insurance agent receives authority to what? - ANSWER-Settle claims brought against the insurer How do agents ...

MPOETC Certification Exam Questions and Verified Answers| 100% Correct| Grade A (Latest 2023/ 2024 Update) Q: What are the 2 standards for traffic stops? Answer: 1.Reasonable suspicion- inves- tigative offense (DUI) 2.Probable cause Q: What can police do during a traffic stop? Answer: -Ask for ID, registration and insur- ance -Order everyone out of the car -question about offense -Keep at the scene Q: What can't police do during a traffic stop? Answer: -Search for ...

NJ Title Exam Questions and Answers An insurance agent is defined as an individual who transacts business on behalf of a _______ a client Knowingly making false statements which are derogatory against and meant solely to injure another defamation Type of authority that is either stated orally or in writing and allows an agent to act on behalf of the insurance company express authority Type of authority holds an agent has when any reasonable person assumes the agent has apparent a...