Insurance broker - Study guides, Class notes & Summaries
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NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 Questions & Answers 2023 ( A+ GRADED 100% VERIFIED)
- Exam (elaborations) • 53 pages • 2023
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NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 Questions & Answers 2023 ( A+ GRADED 100% VERIFIED)
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2023/2024 OACIQ Exam Prep - Questions with Verified Answers
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2023/2024 OACIQ Exam Prep - Questions with Verified Answers When do you need a new certificate of location? If previous one is older than 10 years, requires a new one. In the description sheet in MLS, inform collaborating brokers that a new one will be available soon. Seller asks to reduce commission if you find a buyer? You can include a clause in the BCS in 11.1 stating that in the event that you find a buyer, you will reduce your commission to 3%, however in the case of multiple offers, thi...
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NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55| 200 QUESTIONS| GRADED A
- Exam (elaborations) • 44 pages • 2022
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Process 2103 (d-i) Correct Answer: 1. The Superintendent may issue a license to any person, firm or corporation who has complied with the requirements of the Insurance Code, authorizing the licensee to act as agent of any authorized insurer. Every individual applicant for a license under this section and every proposed sub-licensee must be 18 years of age or older at the time of issuance of such license. The person must submit to and pass a written examination required by the Superintendent. 
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SC Insurance Brokers Exam Surplus Lines Insurance Broker - Series 19-26 Questions and Answers
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Resident Licensing Requirements 
o :## 1. Be licensed as a resident property and casualty insurance producer. 
o 2. Pass the SC broker licensing examination with 70% or better. 
o 3. Pay a biennial fee of $200 
o 4. File surety bond in favor of SC in amount of $10,000. 
Nonresident Licensing Requirements 
o :## 1. File application on form prescribed by the director. 
o 2. File affidavit stating insurance on a risk in this state will only be placed with 
licensed agents of insurers licensed to o...
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Washington State Surplus Exam Prep Questions And Answers
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Washington State Surplus Exam Prep Questions And Answers 
 
 
Surplus Lines Insurance 
Insurance coverage provided by non-admitted insurers for risks that are not available in the admitted market due to their unique or high-risk nature. 
 
 
Admitted Insurer 
An insurance company that is licensed and regulated by the state, and its policies are protected by the state's guaranty fund. 
 
 
Non-admitted Insurer 
An insurance company that is not licensed in a particular state but is allowed to pro...
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Insurance Broker Exam 2024!!
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Insurance Broker Exam 2024!!
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Nevada Life Insurance Exam Questions & Answers 100% Correct(SCORED A+)
- Exam (elaborations) • 9 pages • 2023
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During replacement of life insurance, a replacing insurer must do which of the following? 
 
A Send a copy of the Notice Regarding Replacement to the Department of Insurance 
B Obtain a list of all life insurance policies that will be replaced 
C Guarantee a replacement for each existing policy 
D Designate a new producer for a replaced policy - ANSWER-B 
 
Which of the following documents must be provided to the policyowner or applicant during policy replacement? 
 
A Buyer's Guide and Policy ...
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Texas Promulgated Contracts-CHAMPIONS Exam 2022-2023.
- Exam (elaborations) • 25 pages • 2023
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Texas Promulgated Contracts-CHAMPIONS STUDY 2022-2023. 
The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. 
 
(a) Default 
 
(b) Mutual consent 
 
(c) Property condition 
 
(d) Recording 
 
A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. 
 
(a) Executory 
 
(b) Executed 
 
(c) Bilatera...
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Maryland Property & Casualty Insurance Practice | 80 Questions with 100% Correct Answers | Verified | Latest Update 2024
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A broker requests a hearing with the Commissioner. Within how many days of the request must the 
hearing be held? - 30 
Collision coverage extends to rented passenger vehicles that have been rented for - No more than 30 
days. 
Every vehicle insurance policy issued and delivered in Maryland must provide coverage for medical, 
hospital and disability benefits, unless - Waived by the first named insured. 
When an insurer desires to cancel or non-renew a property insurance policy, they must give ad...
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NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 actual exam
- Exam (elaborations) • 45 pages • 2024
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NY Life, Accident, and Health Insurance 
Agent/Broker Exam Series 17-55 actual 
exam 
Process 2103 (d-i) - CORRECT ANSWER-1. The Superintendent may issue a license 
to any person, firm or corporation who has complied with the requirements of the 
Insurance Code, authorizing the licensee to act as agent of any authorized insurer. 
Every individual applicant for a license under this section and every proposed sublicensee must be 18 years of age or older at the time of issuance of such licens...
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