Study guides, Class notes & Summaries

SOUTH CAROLINA EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ What are licensee not allowed to do - -misrepresent or conceal material facts or makes promises likely to influence, persuade or induce an applicant for a mortgage False Issue Loan Satisfaction - -Improper refusal or failure to issue a satisfaction of a mortgage Failure to practice due dilligence - -the act requiring licensees o use due diligence and make reasonable efforts in procuring a loan Failing to account funds - -faili...

SOUTH CAROLINA EXAM PREP: CLOSING DETAILS EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ What are the two ways a closing or settlement can be conducted? - -Face to face or escrow closing What is a face to face closing? - -Parties exchange documents and sign papers in a face to face setting What is an escrow closing? - -Prior to closing, the closing agent orders and reviews documents. Parties don't meet at all, paperwork is handled by escrow agent, sellers usually sign docs first, and bu...

REQUIREMENTS - ANSWERS1. Must be 18 years or older 2. Person of good moral character 3. Has paid fees 4. Must have passed exam PRODUCER LICENSE - ANSWERSGround person; out working with people; represents the company NONRESIDENT LICENSE - ANSWERSMeans you live out of state, and if you want to write a Surety/Civil Bond in different bordered state. TEMPORARY LICENSE - ANSWERSDirector may issue a ___?_____ Insurance Producer for a period not to exceed 180 days. TERM OF LICENSE - ANSWE...

Insured that faces a liability loss expected? - ANSWERSProvide prompt notification Promptly forward to the insurer any loss notice, demand, summons, or other legal process. Assist the insurer in making a settlement. Attend the trial or other proceedings, if requested. Provide witnesses information Assume no obligation and make no payments directly to claimants Do not admit to the claim Policy Limits - ANSWERSThe maximum amount an insured may collect, or for which an insured is protecte...

South Carolina Life and Health Final Exam Questions and Answers 2024 The branch of dentistry which deals with the replacement of missing parts is called Endodontics Periodontics Orthodontics Prosthodontics - Answer ️️ -Prosthodontics How many months can a life insurance policy normally be backdated from the date of application? 3 6 9 12 - Answer ️️ -6 HIPAA considers which of the following as "individually identifiable health information"? - Answer ️️ -A person's hea...

Final Exam - South Carolina Life and Health A closed network plan offers a primary physician copay of $25. If a subscriber chooses a primary care physician outside of the network, the subscriber will likely pay - Answer ️️ -100% of the billed amount What does Coordination of Benefits allow? - Answer ️️ -Allows the secondary payor to reduce their benefit payments so no more than 100% of the claim is paid A waiver of premium rider allows an insured to waive premium payments if the in...

South Carolina - State Exam Practice Questions and Answers 2024 with complete solution If a brokerage firm changes its name, address, phone, or email, within how many days must the commission be notified? A. 10 days B. 30 days C. Immediately D. Seven days - Answer ️️ -A. 10 days The broker-in-charge must notify the real estate commission of changes to name or contact information within 10 days. Which of these would NOT be considered first substantive contact with a customer? A. As...

South Carolina Insurance Exam Questions and Answers 2024 with complete solution An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? - Answer ️️ -Inflation protection Which of these riders will pay a death benefit if the insured's spouse dies? - Answer ️️ -Family term insurance rider Disability income plans which require that the insurer can NEVER change or alter premium rates are usually considered - Answer ️️ -Nonc...

south carolina real estate exam practice Dean, a real estate licensee, has entered into a transaction brokerage agreement with Brandy, a buyer. In this situation, Dean is a(n) ______, and Brandy is a ______. -Agent, client -Agent, customer -Broker, client -Broker, customer - Answer ️️ -Broker, customer **Transaction brokerage relationships are not agency relationships. Therefore, the licensee isn't considered an agent. Since there's no agency relationship, there's also no client. ...