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Under the common law of agency, licensees owe the broker with whom they are associated all of the following duties EXCEPT 1. loyalty. 2. competence. 3. indemnification. 4. full disclosure. - ️️3. indemnification. Even with title insurance, the policyholder may still suffer losses arising from 1. forged documents. 2. incompetent grantors. 3. defects found in recorded public records. 4. land use change due to zoning ordinances. - ️️4. land use change due to zoning ordinances. A...

Commissioner's general duties and powers - ️️-supervise insurance business -licensing -approve policies + forms -enforce insurance laws and impose penalties for violations -conduct examinations, investigations, and hearing Reporting of actions - ️️A licensee must report any administrative action taken against him in another jurisdiction or state within 30 days of the final disposition of the matter. The report, filed with the Superintendent must include a copy of any relevant ...

Confidential information - ️️-Personal assets -Liabilities -Income -Expenses -Motivations to purchase, rent, or sell -Previous offers that are made or received that are not of public knowledge A licensee CAN do the following without entering into an agency relationship - ️️1) give the buyer property information 2) give the buyer information on the licensee's firm 3) give the buyer information on mortgage rates and institutions The one exception where a licensee can perform d...

Engaging in the real estate business consists of acting for another for a fee in all of the following activities EXCEPT A: investing in real estate B: reselling a mobile home C: selling real-estate D: collecting rent for the use of real estate - ️️A: investing in real estate Which of the following is EXEMPT from the real estate licensing requirement? A) attorney at law when serving as legal counsel to a client B) Appraiser when valuing a client's property C) Associations, partner...

Methods of Handling Risk - ️️*STARR* Sharing Transfer Avoidance Retention Reduction Risk Reduction - ️️Lessening the chance that loss will occur, or lessening the extent of a loss if it occurs. (Ex: installing sprinkler system in business will reduce damaged caused by fire) Insurance - ️️is a contract that transfers the risk of financial loss from an individual, or business to an insurance company. (only covers losses that involve risk) risk - ️️is the possibility a lo...

Convert the cash value to a paid-up term policy Gives policyowner ability to borrow against funds within two years Increases policy's face amount Provide supplemental income in 35 years - ️️Provide supplemental income in 35 years - whole kife policies typically begin to accrue cash value during the 3rd year after issue. The cash value that accumulates can be used to supplement income during retirement years Under an adjustable life insurance policy, which of the following may NOT b...

MIG EXAM PACKAGE DEAL WITH 100 % CORRECT ANSWRS | VERIFIED

List two advantages and two disadvantages of GMAW (MIG) welding. - ️️Advantages: higher production rate, faster welding speed Disadvantages: less portable, requires more operator skills and techniques for welding and equipment setup Which diameters of wire sizes are most commonly used in short circuit metal transfer when MIG circuit metal transfer when MIG welding? - ️️0.023, 0.030, 0.035, 0.045 What power source is required to perform GMAW (MIG) welding? - ️️DC constant poten...

The operating voltage of welding machine, which is produced during welding, is also known as the ____ - ️️Arc voltage A duty cycle is the percentage of a 10 minute period during which a welding machine can continuously ____ - ️️Produce it's rated amperage without overheating The welding process that uses flux cored wire without the use of an external shielding has is called_____ - ️️Self shielding FCAW If the tongue and lace area of a welders safety shoes are exposed, he wel...

Protective welding clothing, including a helmet, long-sleeve jacket, and gloves, must be worn to prevent burns from ultraviolet and infrared rays emitted while arc welding - ️️T Allow revolving machinery to stop on its own. Resist the desire to grab chunks, spindles, or other rotting parts with the hand - ️️T Operate equipment only after you have received instruction. - ️️T Sometimes use proper eye protection - ️️F Remove jewelry, eliminate loose clothing, and tie back lon...

What does each part of the number E70S-6 stand for? - ️️E Electrode 70 Tensile Strength S Solid 6 Coating What is used instead of flux to shield the weld in MIG welding? - ️️Shield Gas What 3 things happen when you squeeze the trigger on a MIG gun? - ️️Shield Gas Flows Wire Flows Electricity Flows What is the part of the MIG gun at the end that sends electricity into the electrode? - ️️Contact Tip What do we use for an electrode in MIG welding? - ️️Wire In order t...

After an arc is struck, what protects the molten puddle from contamination due to elements in the air? - ️️Shielding Gas Cover What are the three things that have to adjusted to be in balance on a MIG welding machine? - ️️Voltage Control, Wire Feed Speed, and Shielding Gas Flow Rate. What does each digit of the electrode number stand for? - ️️E - electrode, R - rod, First two digits - tensile strength (by 1000 pounds), S - solid bare wire, Last digits - chemical composition var...

What must be done to th shielding gas cylinder before it is connected to the flowmeter regulators? - ️️Chained securely in place What may happen if the wire end is cut loose from the spool without holding it? - ️️Unwind What is another name for GMAW? - ️️MIG welding What is a measurement of electrical pressure in the same way that pounds per square inch is a measurement - ️️Voltage In GMAW what do you adjust to change the welding amperage - ️️Voltage The shielding has...

MIG welding machines should have what type of voltage characteristics ? - ️️Constant Voltage (Potential) Fusion - ️️This is achieved by generating and electric arc between the consumable filler metal electrode and the work piece. What are the two basic controls for Constant Potential Welding machines? - ️️Voltage rheostat and wire feed rheostat. Fusion requires what type of of power supply unit? - ️️It requires a power supply unit that produces Direct Current Straight Pola...

Describe the key features and appropriate content of an effective health and safety policy. - ️️The key features of a HSE Policy are: Statement of intent (what) - This section should include a commitment to prevention, compliance and continual improvement. It should also set out the aims and objectives for achieving this. Organisation (who) - A HSE Policy should clearly state who has responsibility and for what actions with regard to HSE. Arrangements (how) - Details how objectives wi...

What are the characteristics of *Civil Law* - ️️*Civil Law* is - About disputes between individuals - Where individuals or organisations are sued - Individuals can be found liable or not liable - The courts can award compensation/costs - The burden of proof is based on 'balance of probabilities - Employers must insure against civil actions (Emp' Liability) What is *Employers Liability Insurance*? - ️️*Employers Liability Insurance* is: - a legal requirement for all employer...

Hierarchy of risk controls in process safety management - ️️Inherent safety. Elimination (including minimised inventories). Substitution. Engineering controls (including segregation and spacing of process plant). Administrative controls (procedural/behavioural). Five Steps for Risk Assessment - ️️Step 1: Identify the hazards. Step 2: Identify the people who might be harmed and how. Step 3: Evaluate the risk and decide on precautions. Step 4: Record the significant findings. Step...

Contract key points - ️️Offer and Acceptance Intention to create legal relations Written contract may be required Consideration (value) Mental capacity must be sound genuineness of consent Not contrary to public policy res ipsa loquitur - ️️'The thing speaks for itself'. Sometimes the facts of the case 'speak for themselves' in which case it is up to the defendant to explain it, rather than the usual claimant to prove. Scott v London Docks..bag of sugar fell from cra...

aside from induction, when should training be provided? - ️️1. when people first start a job where specific rules and procedures need to be followed 2. if there are significant changes to work equipment, substances or activities 3. refresher training 4. after an accident or near miss 5. when a law or standard changes Outline the areas of responsibility placed on people in the supply chain for the articles and substance which they supply to workplaces - ️️All people involved in the...

What circumstances might require a review of policy? - ️️1. Changes in the structure of the organisation, and/or changes in key personal 2. a change in workplace or worksite 3. when new procedures are introduced 4. when indicated by audit or risk assessment 5. following government enforcement action or accident investigation 6. change in legislation 7. if consultation with employees highlights deficiencies 8. if requested by a third party What is the roles of evaluation? - ️️To ...