If a user has a license that is dependent on a license which is being removed due to group deletion, the license assignment to the user is converted from inherited to direct. It is also possible to create a standalone group that contains only the minimum required products to make the add-on work. For example, you can assign Office 365 Enterprise E3 and Enterprise Mobility + Security to a group to easily enable all included services for users. A sales associate may not be licensed or registered under a trade name. When the group is deleted, group-based licensing will try to remove Office 365 E3/E5 from all users. c. cedes the risk. The other insurer is called the "Assuming insurer.". The E3 product contains service plans that can't overlap with the plans that are included in E1, so the group license assignment fails with the Conflicting service plans error. Please sign in to share these flashcards. An advantage of owning a flexible premium life insurance policy would be. All of the following are powers and duties of the Florida Real Estate Commission except? From what type of insurer did the insured purchase the policy? Principal-Agent Relationship Roles & List | What is a Principal in Real Estate? b. C. To increase control of claim reserving the claims settlements. Which of the following is false regarding financial requirements applicable to insurers in Connecticut? a. at least 60 B. A. An applicant for a producer license must provide evidence of legal liability coverage for an amount of least: Which of the following statements is false with respect to requirements for rates? He is also able to keep his sole proprietorship at Big Time Condo Sales, Inc. The DBPR will issue a pseudo license number. Which of the following statements regarding the temporary insurance license is not correct? A) XYZ must issue the policy. (Insurers use reinsurance to protect themselves from catastrophic losses. Which of the following individuals must have insurable interest in the insured? After you resolve any proxy address problems for the affected users, make sure to force license processing on the group to make sure that the licenses can now be applied. .. . b It applies to bonds, information, and other intangibles. (b) legal if the brokers have multiple licenses. Term. The plan is funded by permanent insurance only. Which of the following is a statement that is guaranteed to be true, and if untrue, may breach an insurance contract? The insurer writes the contract and the insured accepts the contract as it is written. To solve this problem, you need to make sure that the required plan is still assigned to users through some other method or that the dependent services are disabled for those users. Which of the following statements is correct with respect to the Doctrine of Economic Benefit? Which of the following are the authorities that an agent can hold? C) From a net; Which of the following statements is true regarding a centralized organization? The agency may not investigate an individual who is not designated as an MLO. Name some factors that can cause a shift in the demand curve in markets for goods and services. I would definitely recommend Study.com to my colleagues. Upgrade to Microsoft Edge to take advantage of the latest features, security updates, and technical support. B. Which of the following best describes annually renewable term insurance? Add to folder That its policies are covered by a state Guaranty Association. You can specify the location under the User > Profile > Edit section in the Azure portal. Document C shows that the ethanol boom A. results in higher food prices. Which of the following statements is true regarding advertising of the Iowa Life and Health Guaranty Association? You have created 2 folders. c. Estimate and interpret a sample regression equation using the 10-year yield as the response variable and the 3 -month yield as the explanatory variable. Premiums are determined by the age, sex, and occupation of each individual certificate holder. Which authority is NOT stated in an agent's contract but is required for the agent to conduct business? Question: After repairing his roof, Ralph jumped to the ground instead of using a ladder. Are you looking for the correct answer to the question Which of the following is NOT true regarding a Certificate of Authority?? B. Which of the following terms best describes what the insurer has violated? The original intent to license the user is never lost, but it's recorded in an error state for future investigation and resolution. D. Promptly forwarding premiums to the insurance company. However, since he has so many units and homes to sell, he will need the assistance of a few associates. A person who does not lock the doors or does not repair leaks shown an indifferent attitude. Year3-MonthYield(%)10-YearYield(%)20013.475.0220021.634.6120031.034.0220041.404.2720053.214.2920064.854.7920074.474.6320081.393.6720090.153.2620100.143.21\begin{array}{|c|c|c|} Incumbents may not perform all of the listed duties and/or may be required to perform additional or different duties from those set forth below to address business needs and changing business practices. Here we are going to see a list of important SQL questions in MCQ style with an explanation of the answer for competitive exams and interviews. 1 to part 740 of the EAR): ( i) License Exception LVS ( 740.3 of the EAR); ( ii) License Exception TMP ( 740.9 of the EAR); You need to either purchase more licenses for the product or free up unused licenses from other users or groups. a. A group license applies to an owner/land developer. What type of annuity contract could your client obtain? When ambiguities exist, courts generally rule in favor of the insured.). Which of the following insurance providers would be considered a risk sharing arrangement? C Servicing. a. (The originating company that procures insurance on itself in another insurer is called the "Ceding insurer." b. that the claim will be paid if the insurer becomes insolvent. (Perils are the cause of loss insured against in an insurance policy.). Answer: . For example, there might be an insufficient number of licenses or a conflict between two service plans that can't be assigned at the same time. 30 days, Which of the following types of policies may NOT exclude coverage for losses caused by fire or other perils resulting from acts of terrorism? Which of the following situations does not require the delivery of the Shopper's Guide? It helped me pass my exam and the test questions are very similar to the practice quizzes on Study.com. Braggs himself does not require any permit to sell his properties. The original age is used for premium determination. \hline 2005 & 3.21 & 4.29 \\ Your email address will not be published. That's when several brokers approached Bob about holding multiple licenses. Replacement parts to be used that are not manufactured by the original manufacturer may not be used 19. Which of the following is NOT a characteristic of an insurable risk? When transacting business in this state an insurer formed under the laws of another country is known as a/an (Alien insurer is defined as an insurer formed under the laws of another country.). (A peril is the cause of loss insured against in an insurance policy.). For example, we might update an existing group that already contains the full Office 365 E3 product, and then add the add-on product to it. Landmark Homes, Incorporated, located in West Palm Beach, Florida, purchased eight plots of land throughout the county. This usually happens when a user is a member of more than one group with same assigned license. B. To create a Microsoft 365 group: 1. The problem is immediately reported back to you. Agents have binding authority D. To reduce expenses and improve cash flow. B. Under Licensed groups, you see all groups that have that products assigned. For example, consider a group that has Office 365 E3/E5 assigned with a Skype for Business service plan enabled. B. d. Louder than. The policy contains sufficient cash value to cover the cost of insurance. Get unlimited access to over 88,000 lessons. Participate in the planning and implementation of laboratory exercises and experiments; implement new or modified policies and procedures . Make sure that the group has necessary services before adding or removing a dependent service. Which of the statements is correct regarding membership on the Probable Cause Panel? Please check below to know the answer. b. b. Upon which of the following would a health benefit plan be permitted to base individual eligibility? Actual Notice in Real Estate: Types & Examples | What is Actual Notice? You must remove all licenses assigned to a group before you can delete the group. Introducing Cram Folders! Insurance companies may be classified according to the legal form of their ownership. Browse Covers | YourCover backing tracks in MP3 format. B. Appointed by the State Senate and confirmed by the Governor Required fields are marked *. a. A salaried individual manages a condominium building and rents units 3month to 6month periods. Which of the following must an insurer obtain in order to transact insurance within a given state? lessons in math, English, science, history, and more. Kat has taught college Management and Hospitality Management and has a Master's degree in Organizational Leadership and Management. B. drives farmers to grow soybeans. Because Audio Conferencing is dependent on Skype for Business, for any users with Audio Conferencing assigned, group-based licensing converts the Office 365 E3/E5 licenses to direct license assignment. There is no action required from the customer to fix this issue. There are a few rules that Bob and the managing partners of the other agencies must follow. Options . Which of the following is a correct statement about group real estate licenses in Florida? a. premiums are fixed for the first 5 years. A group self-insurer's termination of a member is not effective until: A At least 30 days after the termination notice has either been filed with the Board or sent by certified or registered letter and served in a similar manner upon the employer B At least 10 days after the termination notice has either been filed with the Board or sent by certified or registered letter and served in a . There is a specific section of the DBPR website where the sales associate and the developer complete the necessary forms. succeed. The authority granted to an agent through the agent's contract is referred to as. Now, an important thing to know is that the person interested in holding multiple licenses must be a broker. Only the following license exceptions may be used to export "600 series" items to destinations other than those identified in Country Group D:5 or Hong Kong (see Supplement No. Secondary Mortgage Market | Differences, Role & Examples. A. A tornado that destroys property would be an example of which of the following? Which statement below is NOT correct regarding a highly available system? Problem: While updating license assignment on a user or a group, you might see that the Azure AD Mail and ProxyAddresses attribute of some users are changed. What is a major problem with naming a trust as the beneficiary of a life insurance policy? Your boss has prepared some questions for you to consider. In recent years, ethanol production has increased rapidly. Calculate and interpret the sample correlation coefficient. Multiple Choice Questions.
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