Encumbering Study guides, Class notes & Summaries

Xcel solutions final exam Maryland Life and health questions and answers 100% pass What is normally the consequence for NOT obtaining preadmission certification prior to receiving inpatient medical care? A reduction in benefits 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 During the application process, a statement made by an applicant that becomes part of the contract is considered to be a(n) Warrant...

Real Estate Exam Illinois (2022/2023) Rated A+ implied agency legal finding that your behavior implied a legal relationship (intent) express agency no ambiguity in behavior. explicitly define legal relationship real estate = land + improvements (any addition to land, regardless of aesthetics) real property = interest benefits and rights that go with land real estate (belongs to deed holder) appurtenance - anything associated with a property, including rights and improvements property rights...

Real Estate Test Exam Illinois 2024. implied agency - ANSWER legal finding that your behavior implied a legal relationship (intent) express agency - ANSWER no ambiguity in behavior. explicitly define legal relationship real estate - ANSWER = land + improvements (any addition to land, regardless of aesthetics) real property - ANSWER = interest benefits and rights that go with land real estate (belongs to deed holder) appurtenance - ANSWER - anything associated with a property, includ...

What are the two types of freehold estates? - ANSWER-1) an estate in fee (simple absolute) 2) a life estate. What is the most complete, largest type of estate that includes all rights associated with the estate? - ANSWER-An estate in fee simple absolute What type of estate do you own if someone grants you real property for you to own only during your lifetime? When you die, the property reverts back to original estate owner. - ANSWER-a life estate The rights of tenants who rent or lea...

implied agency - legal finding that your behavior implied a legal relationship (intent) express agency - no ambiguity in behavior. explicitly define legal relationship real estate - = land + improvements (any addition to land, regardless of aesthetics) real property - = interest benefits and rights that go with land real estate (belongs to deed holder) appurtenance - - anything associated with a property, including rights and improvements property rights - DEEPC: Disposition, Enjo...

AD Banker Comprehensive 2024/ 2025 Exam| Questions and Verified Answers| 100% correct| A Grade The type of policy that can be changed from one that does not accumulate cash values to one that does is a: A. Universal life policy B. Variable life policy C. Permanent policy D. Convertible term policy Answer: D. QUESTION With a modified premium whole life contract, premium payments: A. Are lower in the early years of the contract B. Are invested in the stock market C. Never...

Utah Life, Health, and Accident Insurance Latest 2024 Graded A+ mode Refers to how often a premium is paid. coinsurance the insurer and the insured share expenses over the deductible. participating policies participating policies pay dividends non-participating policies non-participating policies do not pay dividends LTC Rider reimburses Health and Social Service expenses incurred in a convalscent or nursing home facility ownership rights vest ownership rights EG the right to...

2022 California Real Estate Exam Prep Questions & Answers (Test Bank) (top 10pages free) An appraiser's definition of "Value" would be: a. present worth of all rights to future benefits arising out of ownership. b. the ability of one commodity to command other commodities in exchange. c. relationship between the thing desired and the potential purchaser. d. all of the above. ANS- d. all of the above. These are elements of value. Which of the following abbreviations is associated ...

Which life insurance policy provision prohibits a beneficiary from "commuting, encumbering, withdrawing, or assigning" any portion of the proceeds prior to actual receipt from the company? - Answer- Spendthrift clause Which life insurance settlement option pays a stated monthly benefit until both principal and interest are exhausted? - Answer- Fixed amount installment option When an individual is planning to protect his family with life insurance, one method of doing so is called need an...