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A policy owner suffers a covered accident and health insurance loss in June 30 and submits the proof of loss to the insurer July 10. If the policy owner cancelled the coverage on July 2, how will the insurance company handle the claim? - Claim must be paid after proof of loss is received A health plan offered by private insurance companies is? - A Medicare Supplement A licensee whose name or address changes must notify the Department of Insurance within? - 30 Days A life annuity with a per...

Mary is interested in a parcel of real estate owned by Kathy. Mary has a title report that shows the property is encumbered by several liens. The lien with the highest priority is the lien: a. of lowest amount b. of highest amount c. first recorded d. first in date - Answer-c. first recorded The physical characteristics of land include: a. indestructibility b. homogeneity c. improvements d. supply - Answer-a. indestructibility Which of the following restrictive covenants is MOST likel...

what would be the disadvantage of naming a trust as a beneficiary of a life insurance policy trusts cannot be formed for life insurance purposes trust administrations fees would reduce policy proceeds trusts cannot be used if a minor is the beneficiary trustee must be a bank or brokerage - trust administrations fees would reduce policy proceeds a life insurance policy that includes a return of premium rider will pay the beneficiary how much upon the insured death total premiums paid plus ...

_____ day notice of discharge or failure to pay - 30 Day 3 meals each day with not more than ________ hours between the evening and breakfast meals unless a snack is provided and resident group agrees - 14 hours A comprehensive assessment must be completed - when there is a significant change A Disaster Drill must take place at least - bi annually A Disaster Drill/Fire Drill is conducted on each shift at least once every ____ months and documented - 3 months A governing authority shall re...

A life annuity with period certain is characterized as - guaranteeing benefit payments for a stated minimum number of years a life insurance company just paid a $100,000 death benefit to a beneficiary. when the insured died, the cash value was 15,000 and the total premiums-paid equaled 10,000. how much of the proceeds will be added to the beneficiary's gross income for tax purposes? - nothing, death benefits to a beneficiary are exempt from federal income tax a life insurance policy can u...

What did Martin Luther King, Jr. do? - fought for civil rights Why does the American flag have 50 stars? - One star for each state. Who was the first President of the United States? - George Washington What was one important thing that Abraham Lincoln did? - Led the U.S. during the Civil War When is Independence Day celebrated? - July 4 Who is the "Father of Our Country"? - George Washington What Ocean is on the East Coast of the United States? - Atlantic Ocean Which of the following is...

A commercial property was in foreclosure and after the sale, the mortgagee did not receive enough money to satisfy the note. Which of the following statements is true? - The lender can sue for a deficiency judgment against the borrower A borrower can be relieved of primary responsibility for a mortgage by finding a buyer who is willing to: - Assume the loan A broker and an owner discussed several types of listing agreements and decided upon an exclusive right to sell. The broker drafted th...

The priority of a lien is, in the absence of fraud, created as of the date it was: - Recorded "Gross income" best describes: - Income before expenses "Net income" best describes: - Income after expenses Quiet Enjoyment" in a lease means: - The lease will not be terminated if the building is sold "The rate" refers to: - The rate of return used by investors 1 section equals - 1 square mile 1 square mile equals - 640 acres 1 square yard equals - 9 sqft 1760 yards equals - 1 mile 197...

When the county assessor evaluates real estate for the purpose of taxation, this is called: - Assessed value What lien has priority first: - Property taxes Property taxes become a lien the first day of: - January If a property is not bid at a tax foreclosure sale: - Anyone can later buy the tax lien from the Treasurer Rank the following in order: IRS lien, Property Taxes, Special Assessments - Property Taxes, Special Assessments, IRS Liens When a broker misappropriates funds, this is cal...

A borrower is required to put 10% down for the purchase of a property. The 10% down would be considered: - Equity A borrower would obtain funds for an FHA loan from: - Primary market A broker acting as a property manager for an owner would consider his relationship to be: - Fiduciary A broker and an unlicensed buyer are looking at the same house. What must the broker disclose? - He can buy the property if he discloses that he has a license A broker does not disclose to the buyer that the ...

Agent's Report - Provides the agent's personal observations concerning the proposed insured, it is not a part of the entire contract, but a part of the application Application - The starting point and basic source of information used by the company in the risk selection process Application Part 1 - The general information part of the application, such as demographic questions, as well as any existing policies, and what policy is being applied for Application Part 2 - The medical informat...

where does an interim permit allow someone to work according to board? - allows person to work in arizona until a licenses is issued. Must do so under conditions listed in the permit What is the time requirement of a PT who is providing general supervision and thus "readily available" to assist PTA - Must be readily available via telecommunication (at the least) within 15 minutes What are acceptable forms of readily available ? - telecommunication and or on-site visit how long does the ph...

Minnesota Bundled Exams Updated 2024:2025 with complete solutions

Statute of frauds - Law that contracts involving the creation or conveyance of an interest in real property must be in writing to be enforceable. Group boycott - An illegal agreement between parties to not do business with a particular person or company. Antitrust law - Laws relating to the suppression of competition in the marketplace. Are penalties for license law civil or criminal? - License law violations are considered gross misdemeanors, so penalties may be civil or criminal. Are ti...

a homeowner of a new construction property must send a written notice to the contractor within _____ months of discovering a defect. After receiving the written notice, the contractor must inspect the home and the defect within _____ days. Once the contractor has completed the inspection, they must provide the owner with a written offer to repair within ____ days of the inspection. Any action (lawsuit) the homeowner may take to recover damages or force the contractor to perform must occur wi...

Assisted Living* - "Housing with services" renting the housing and buying assisted living services. Can be all within the same company but isn't always Body Language* - Use of body and facial positions and movement to send a message, the person may or may not be aware of the message sent Abduction - Movement away from the body Abuse - The willful infliction of injury, unreasonable confinement, intimidation, or punishment with resulting physical harm, pain, or mental anguish Active Rang...

What did Susan B. Anthony do? - Fought for equal rights, particularly women's rights. How long is the term of office for a U.S. senator? (How often do we elect them?) - 6 years How long is the term of office for the U.S. House of Representatives? (How often do we vote for them?) - 2 How many justices are there on the Supreme Court? - 9 How many U.S. senators are there? - 100 How many voting members are there in the U.S. House of Representatives? - 435 How old do U.S. citizens have to be ...

A landowner wishes to build a neighborhood grocery store on a busy street in an area zoned for residential use. Which of the following would MOST likely be used to obtain permission for this store? - Conditional use permit or zoning variance A broker, acting as agent for the seller, presents an offer to buy from the broker's former college roommate. The broker knows that the buyer will increase the amount of the offer if the seller turns down the offer. When presenting the offer, the broke...

Maintain at least _____ between yourself and the steering wheel. - 10 inches If a crash results only in property damage, it is _________ to notify law enforcement - not necessary Children under what age must be in a child seat? - 8 Children under what height must be in a child seat? - 4 ft 9 in Decreases it - What does speed do to your field of vision? Every driver who is involved in a crash that results in injury, death, or property damage of ________ or more must file a traffic crash re...

factors such as _________ all affect the person's appetite - level of alertness, the amount of energy the person has to chew, and any sensory losses such as vision, taste, or smell A person lying on their back is in the - supine position A person sitting up at a 90 degree angle is in - Fowlers position A person with mental impairment... - should be encouraged to do as much as possible for themselves a residents bed should be in _____________ when the resident is sitting on the side of the...