Insurance laws Study guides, Class notes & Summaries
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PSI REAL ESTATE SALESPERSON EXAM 1 2023 / 2024 ACTUAL UPDATE ALL DONE SOLUTION
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PSI REAL ESTATE SALESPERSON EXAM 1 
 
What is the period of time set for adverse possession in Ohio? 
Correct Answer: 
21 years 
 
What type of lease establishes a rental payment and requires the lessor to pay for the taxes, insurance, and maintenance on the property? 
Correct Answer: 
Gross 
 
Who represents the commission at hearings? 
Correct Answer: 
The Ohio attorney general 
 
State laws differ whether a buyer is entitled to know about? 
Correct Answer: 
A suicide that occurred in the hous...
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NJ HEALTH AND ACCIDENT INSURANCE ACTUAL EXAM 2024-2025 QUESTIONS AND 100% CORRECT ANSWERS / NEW JERSEY HEALTH AND ACCIDENT EXAM 2024 WITH 300+ QUESTIONS AND ANSWERS
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NJ HEALTH AND ACCIDENT INSURANCE ACTUAL EXAM QUESTIONS AND 100% CORRECT ANSWERS / NEW JERSEY HEALTH AND ACCIDENT EXAM 2024 WITH 300+ QUESTIONS AND ANSWERS 
What is the maximum fine for a producer violating an NJ insurance law for the 
first time? - ANSWER-$5000 
A(n) _______ insurance company is one that was formed under the laws of a state 
other than NJ - ANSWER-Foreign 
Medicaid is a government-funded program designed to provide health care to - 
ANSWER-poor people 
When a producer, dom...
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Louisiana State Insurance Laws (P&C Exam)Correct 100%
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A ******* is a person required under this state's laws to be licensed to sell, solicit, or negotiate insurance. This includes all persons or business entities referred to as "insurance agent", "agent", "insurance broker", "broker", "insurance solicitor", "solicitor", or "surplus lines broker". - ANSWERSIndividual producer 
 
A person applying for a producer license must: - ANSWERS-atleast 18 years old 
-Reside, or maintain their place of business in LA 
-Not committed any act tha...
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RRLLB81 ASSIGNMENT 02 SEMESTER 02 ANSWERS DUE 26 SEPTEMBER 2024( ALL 3 MERCANTILE LAW TOPICS)
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RRLLB81 ASSIGNMENT 02 SEMESTER 02 ANSWERS DUE 26 SEPTEMBER 2024 
 
MERCANTILE LAW 
TOPIC 1: INSURANCE LAW 
LIABILITY INSURANCE IN SOUTH AFRICAN LAW AS A COMPLEX FORM OF 
INDEMNITY INSURANCE 
Background 
There are several classifications of insurance; the most common is the distinction between 
indemnity insurance (also referred to as non-life insurance) and non-indemnity insurance 
(also referred to as life insurance). With indemnity insurance, the insurer indemnifies the 
insured for loss or da...
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Florida Insurance Laws Correct Questions & Answers!!EXAM BUNDLE
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Florida Insurance Laws Correct Questions & Answers!!EXAM BUNDLEFlorida Insurance Laws Correct Questions & Answers!!EXAM BUNDLEFlorida Insurance Laws Correct Questions & Answers!!EXAM BUNDLEFlorida Insurance Laws Correct Questions & Answers!!EXAM BUNDLEFlorida Insurance Laws Correct Questions & Answers!!EXAM BUNDLEFlorida Insurance Laws Correct Ques
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C16 Business of Insurance -Practice Exam Questions Rated 100% Correct!!
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Explain the economic laws of Supply and Demand, and explain why these laws do not strictly apply to 
automobile insurance. - pages 3-3 and 3-13. the economic theory of supply and demand proposes 
that more resources will be allocated to a product that increases revenue. The law of supply provides 
that the higher the price, then more will be supplied. the law of demand provides that, with all other 
factors equal, less will be demanded as the price rises. 
For the insurance market, supply is rep...
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Florida 240 License exam questions with verified correct answers
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The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called: 
Reserves 
 
 
 
An insurance applicant MUST be informed of an investigation regarding his/her reputation and character according to the: 
Fair Credit Reporting Act 
 
 
 
A nonprofit incorporated society that does not have capital stock and operates for the sole benefit of its members is known as: 
A fraternal benefit society 
 
 
 
What I the name...
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NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 actual exam
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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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WV State Life Insurance Exam Questions and Answers Already Passed
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WV State Life Insurance Exam 
 
Questions and Answers Already Passed 
 
A group-owned insurance company that is formed to assume and spread the liability risks of its 
members is known as a: Risk retention group 
 
Which of the following requires insurers to disclose when an applicant's consumer or credit 
history is being investigated? 1970-Fair Credit Reporting Act 
 
Q purchases a $500,000 life insurance policy and pays $900 in premiums over the first six 
months. Q dies suddenly and the ben...
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NJ LIFE PRODUCER EXAM (INSURANCE AND LAWS) LATEST VERSION 2024-2025 WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS|ALREADY GRADED A+|100% GUARANTEED TO PASS CONCEPTS
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NJ LIFE PRODUCER EXAM (INSURANCE AND LAWS) LATEST VERSION WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS|ALREADY GRADED A+|100% GUARANTEED TO PASS CONCEPTS
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