Study guides, Class notes & Summaries

A purchase contract required that the property be free of tenants when the property conveyance occurred. On the day of closing, the tenants were still living in the property. Who is responsible for ensuring that tenants vacated the property prior to closing? The seller A real estate broker enters into an agreement to represent a buyer who is seeking a property to purchase, and remains a single agent throughout the transaction. A seller with whom this broker negotiates is this broker's ...

Absentee Ownership Shareholders are not present to see what happens in the company. (Ex: Owners live in another state than the company) SEC- Securities & Exchange Commission -Created to establish rules for financial statements -Created shortly after the Great Depression First rule of SEC Giving shareholders financial statements that are reviewed by CPA officials that reflect how the company is doing. Equity Investor The Shareholders who receive profits based on their in...

C Life insurance coverage will frequently contain an Accelerated Benefits rider attached to the policy. What would be considered a "qualifying event" under these riders? A. seasonal unemployment B. Short-term disability C. Medical condition resulting in a significantly shortened lifespan D. Divorce D When a life insurance application is completed, a Policy Summary must be given to the applicant. The Policy Summary MUST include. A. the insurers's AM Best rating B. the produc...

A(n)—— annuity pays benefits based on units rather than stay the dollar amounts Variable In Indiana what is the maximum percentage of controlled business a producer may produce over 12 month. 25% Bryce purchased a disability income policy with a rider that guarantees him the option of purchasing additional amount of coverage at predetermined times without requiring to provide evidence of insurability what kind of rider is this Guaranteed insurability Rider What is the...

Indiana law prohibits motorists from operating a motor vehicle while using a: A.Wireless phone (unlessbeingusedtocall911) B. Personal digital assistant C. Pager or text messaging device D. All of the above D. All of the above The state minimum insurance standard is: A$25,000 for bodily injury to, or the death of, one individual;$50,000 for bodily in jury to, or the death of, two or more people in any one accident; and $25,000 for property damages in any one accident B.$25,000 for...

An applicant for a resident insurance producer's license MUST meet which of the following requirements? complete a prelicensing examination Which of the following is a requirement to be eligible for a group life policy in Indiana? Group must be formed form a purpose other than obtaining insurance During the course of an insurance business transaction, who does the producer legally represent? Insurance company Long-Term Care policies sold in Indiana may exclude coverage f...

Indiana Navigator actual exam with 100% correct answers(latest update)

Governing Bodies/Law Department of Health and Human Services Centers for Medicare and Medicaid Services H Types of federally-designated consumer assistants Federal Navigators State Navigators Conflicts of Interest Financial incentive Conflict of loyalty Can Indiana Navigators provide specific plan selection? No Hoosier Healthwise Covers; Pregnant women Children up to 19 years old Children's Health Insurance Program (CHIP) Created for children with ...

1. Indiana law prohibits motorists from operating a motor vehicle while using a: A. Wireless phone (unless being used to call 911) B. Personal digital assistant C. Pager or text messaging device D. All of the above D 2. The state minimum insurance standard is: A. $25,000 for bodily injury to, or the death of, one individual; $50,000 for bodily injury to, or the death of, two or more people in any one accident; and $25,000 for property damages in any one accident B. $25,000 for bodi...