macellen education agencies

The arbitration clause in a personal auto policy would be used in which of the following circumstances? A. The ins company and a pedestrian struck by the insured's auto cannot reach an agreement regarding the settlement of a claim. B. The insured and an injured 3rd party cannot reach an agreement regarding the settlement of a claim. C. The court have ruled against an injured 3th party. Correct answers B. The insured and an injured 3rd party cannot reach an agreement regarding the settl...

Accident Correct answers An unplanned unforseen event which occurs suddenly at an unspecified place Accident insurance Correct answers A type of insurance that protects the insured against loss due to an accidental bodily injury Accidental bodily injury Correct answers Unplanned unforseen traumatic injury to the body Accidental Death and Dismemberment Correct answers An insurance policy which pays a specified number or specified multiple of the insurer's benefit if the insured dies, ...

Fiduciary Correct answers Someone in a position of trust and confidence held by law to high standards of good faith and loyalty. General agent Correct answers An agent granted the power to work on behalf of a principal in a particular capacity for an ongoing period. Planned unit development (PUD) Correct answers A mix of land uses—such as residential and commercial—in one contained development Triple net lease Correct answers The tenant pays rent plus taxes, insurance, and maintenan...

Communication is an important feature of many IPM program because? Correct answers It provides a record of the ongoing dialog of visits, actions, and interventions. What is the application rate of a termiticide to a trench with the footer at a depth of 3 feet? Correct answers 4 gallon per 10linear feet. A minimum treatment for control or prevention of all wood destroying fungi contracts includes: Correct answers Removing sources of moister by fixing leaking pipes. What is the purpose of...

Under which of the following circumstances will the benefits under COBRA continuation coverage end? Correct answers all group health plans are terminated by the employer Dental care coverage is designated to cover the costs of all the following EXCEPT: Correct answers loss of income Which type of policy would pay an employee's salary if the employer was injured in a bicycle accident and out of work for six weeks? Correct answers Business Overhead Expense P and Q are married and have ...

A client wants cash value life insurance with a flexible premium and an adjustable death benefit that will allow him to self direct where the cash value is invested. He should buy: Correct answers Variable/Universal life On an application for life insurance which of the following statements is correct? Correct answers The applicant is required to make representations What type of insurance contract is measured in units? Correct answers Variable annuity Upon the insured's death 5 year...

How often *must* you take continuing education? Correct answers *Every 4 years*. In Georgia, which of the following is *NOT* a cost or expense of owning a home? Correct answers Taxes on *personal property*. A *Broker's*, license fee costs how much? Correct answers *$170* All of the following, exist in Georgia *EXCEPT*. Ad valorem Taxation, Special Assessments, Statutory Right of Redemption, Equitable Right of Redemption Correct answers *Statutory Right of Redemption* Which of the ...

Personal Automobile Policy Correct answers • Accounts for 40% of all premiums • Vehicles registered to individuals and operated primarily for personal activities o Driving to work is a personal activity o Policy allows use of vehicle for incidental business activities Financial Responsibility State Correct answers • Georgia is a financial responsibility state o To legally operate an automobile in the state of Georgia, a person must show that they are able to financially compensa...

Attained Age Correct answers insured's age at the time the policy is issued or renewed. Cash Value Correct answers A policy's savings element or living benefit. Face Amount Correct answers The amount of benefit stated in the life insurance policy. Fixed life insurance Correct answers contracts that offer guaranteed minimum or fixed benefits. Deferred Correct answers with-held or postponed until a specified time or event in the future. Endow Correct answers the cash value of ...

An employee of 20 years recently [retired] at age 59 1/2. This employee's group life contract can be: 1. converted to an individual permanent policy at an individual rate 2. converted to an individual permanent policy at a group rate 3. continued at an individual rate 4. continued at a group rate Correct answers 1. converted to an individual permanent policy at an individual rate A [level] premium indicates: 1. the premium is fixed for a period stated in the contract, then becomes var...

100% Correct answers How much participation does a Noncontributory plan require? constructive delivery Correct answers The insured hands control of the policy to another person (usually the agent) beneficiary change can be made by doing what? Correct answers Filing a request with the insurer - Recording Method, or by endorsement Entire Contract Provision Correct answers The application is part of the policy. Which policy provision states this? Mortality Interest Earnings, and Expense...

During the application process, the agent's primary responsibility is to Correct answers the insurance company A foreign insurance company doing business in Georgia Correct answers is a company that was formed under the laws of another state. In Georgia, an insurer licensed to conduct business in Georgia, but domiciled in New Jersey, is called a Correct answers foreign company How often must an insurance agent license be renewed in Georgia? Correct answers every 2 years Which of f...

What is a general lien? A claim against a person and all of that person's property A claim against a specific piece of property A type of mortgage lien A type of tax lien Correct answers A claim against a person and all of that person's property Which of the following discriminatory practice does the Home Mortgage Disclosure Act (HMDA) seek to address? Blockbusting Credit reporting Mortgage applications Redlining Correct answers Redlining What is a real estate...

How many hours of continuing education must a licensee complete for each year of licensure? Correct answers 9 hours After a tenant moves out of a rental unit, the landlord must inspect the premises within ______ and make a list of any damages that will be the basis for any charge against the security deposit. Correct answers 3 business days If an applicant lies on the broker application, what can be the consequence? Correct answers The Commission can deny issuance of the license for misrep...

What are the 5 major regions of Georgia? Correct answers Coastal Plain, Piedmont, Blue Ridge, Plateau, Ridge and Valley Location of the coastal plains? Correct answers Atlantic ocean to the fall line What is the coastal plains commonly called? Correct answers Pine Barrens What percent of the land does the coastal planes cover? Correct answers 60% Description of the coastal plains land characteristics? Correct answers Flat and the soil is sandy Piedmont nickname? Correct answers Fo...

The agent's Correct answers Whose responsibility is it to determine that all the questions on an insurance application are answered? Underwriting Correct answers What is the name of the process that insurance companies use to determine whether or not an applicant is insurable? The process of risk selection and classification Correct answers What is insurance underwriting? Loss Correct answers Insurance is a contract that protects the insured from what Return the application to the...

About your licensing exam Correct answers Georgia real estate licensing exams are administered by PSI. The exam consists of 2 portions, but the questions are intermixed. -Time limit: 4 hours -National portion: 100 scored questions (may include 5 pretest/unscored questions) -State portion: 52 scored questions (may include 5 pretest/unscored questions) -Minimum scaled passing score: 72 (or 109 questions answered correctly) If you don't pass the exam, you'll receive reapplication instru...

GSPCC Correct answers Georgia Structural Pest Control Commission GDA Correct answers Georgia Department of Agriculture FIFRA Correct answers Federal Insecticide, Fungicide, and Rodenticide Act 1947 Regulate the registration and labeling of pesticides. Amended in 1972 to include classification systems for types of pesticides and created requirements for: -Certification of applicators authorized to apply pesticides -Safety of workers using pesticides -Protection of environment from cont...

Buyer agency Correct answers A principal-agent relationship in which the sponsoring broker is the agent for the buyer, with fiduciary responsibility to the buyer. Trade-up buyer Correct answers Homeowner selling an existing home in order to buy a larger or newer one. Trade-down buyer Correct answers Homeowner selling an existing home in order to buy a smaller or less demanding one. Exclusive Buyer Brokerage Agreement Correct answers An agreement in which the client agrees to only work w...

An individual who performs real estate services is considered a broker if Correct answers the services are performed for another and for a valuable consideration. A person who collects rents is considered a broker if Correct answers the person receives a fee or commission for doing so. Which of the following duties is one that a broker might perform in his activities as a broker? Correct answers Buy or offer to buy real estate The Commission has the authority, under statutory law, to ta...