Rhode island Samenvattingen, Aantekeningen en Examens

ten days - How many days does the insurer have to send out forms when notified of accident? 12:01 am - At what time is the policy effective? 25/50/25 - What are the financial responsibility limits in Rhode Island? subrogation - By virtue of payment, the insurance company assumes the rights of the insured to pursue the responsible party for damages only to the extent of the insurance company's payment, and as a service, the insurance company will attempt to recover the insured's deduct...

Plumbing Code Regulation SBC-3 correct answer: State of Rhode Island Plumbing Code is known as: 4' 6" Below Grade correct answer: Water Services Shall Be Installed Not Less Than: Insulated/Heated or Both correct answer: Piping installed in exterior walls or areas subject to freezing must: 36" Below Grade correct answer: Building Sewers connected to a public sewer shall have a minimum coverage of: Under a water heater 6 gallons or greater that is elevated correct answer: A saf...

the role of insurance is to - correct answer transfer the risk of financial loss from an individual or business to an insurance company organized and incorporated under state law owned by stockholders who get a paid share of the company's profit through dividends. also referred to as a nonparticipating or non-par bc policy holder do not participate in paid dividends - correct answer stock insurance company organized and incorporated under state law. but they have no stockholders. inst...

Rhode Island Real Estate Sales License Study Guide with Complete Solution Deed of Trust Loan Deed wherein legal title in real property is transferred to a trustee, which holds it as security for a loan Factors influencing real estate supply - Labor force availability - Construction and material costs - Government controls - Govt. financial policies Factors influencing real estate demand - Population - Demographics - Employment and wage levels Realtor Member of the National Association...

Rhode Island Boating License Test When must navigation lights be displayed? - from sunset to sunrise AND during periods of restricted visibility How does the effect of alcohol consumed while boating compare to the effect on land? - much greater effect while boating How do you avoid overloading your vessel? - Don't allow the load weight or number of passengers to exceed the maximum stated on the capacity plate A boat's capacity plate gives the maximum weight and/or number of peop...

Rhode Island Permit Test Practice What is the greatest hazard for a driver? - Alcohol The legal drinking age in Rhode Island is: - 21 Drunk drivers cause more than: - 1/2 of the collisions in which someone is killed How many people die each year in alcohol related collisions in the USA? - More than 25,000 If you refuse to take a chemical test your license will be suspended for a minimum of: - 180 days Collisions must be reported if damage is in excess of? - $1,000 A limited...

Rhode Island General Real Estate Study Guide with Complete Solution Real estate recovery act Dept of business regulation establishes this account Covers anyone aggrieved by an act, misrepresentation, transaction or conduct of a licensed real estate broker upon the grounds of fraud, misrepresentation or deceit may recover no more than 50000 per one license Can't be used to reimburse any broker or salesperson Agents pay a fee for the deposit in the real estate recovery fund when they first...

Rhode Island Adjuster Practice Exam Questions and Answers Rated A+ Which of the following phrases BEST defines a hazard? A. The uncertainty of a loss B. The cause of a loss C. An unexpected loss D. A condition that increases the chance of a loss D A family takes their 50-horsepower outboard motor boat to the lake on a trailer towed behind their personal auto. The pleasure boat is appropriately covered for physical damage under which of the following policies? A. Dwelling B. Homeowners...

Rhode Island Casualty Property Exam Questions and Answers 100% Pass Powers and Duties of the Commissioner Broad powers, examination of records, notice and hearing, penalties. Minimum Limits of financial responsibility 25/50/25 or $75,000 combined single limit Unfair Claim Practice Failing to respond within 30 days Free Choice of Repair Shop Insurer may not interfere OEM parts May not be used without written consent Risk uncertainty concerning the occurrence of a loss Fores...

Real Estate Sales License Study Guide with complete solution - Rhode Island