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- Calculator Recording Which of the following statements about the Time Limit on Certain Defenses provision in a Disabili O A. It specifies the period of time during which an insurance company can deny a claim on It specifies the period of time during which the insured must submit Proof of Loss. It prohibits legal actions against the insurance company after a specified period of time It prevents an insurance company from making any changes to a policy after it is issue O B. O C. O D.36. Bread Baking Company operates a commercial baking plant—a “major source”—that emits hazardous air pollutants for which the Environmental Protection Agency has set maximum levels of emission. The plant does not use any equipment to reduce its emissions. Under the Clean Air Act, this is most likely Group of answer choices a violation. not a violation because the plant does not use any equipment. not a violation because the plant is not a mobile source. not a violation because baking is not considered to be polluting.Alan is a salesperson for Beta Computer Store. He misrepresents to Cathy, a customer, that a certain computer has a certain storage capacity. In reliance, Cathy buys the computer. Liability for this misrepresentation may be imposed on Group of answer choices a. Beta only. b. Alan only. c. Alan or Beta. d. none of the above.
- A sponsored licensee owns one-quarter of an investment property. The four owners want to sell the property, but the other three do not want the licensee to mention their licensee to buyers. In Illinois, which of the following is true? A. Because the licensee owns only a quarter, no disclosure is necessary B. If they list the property with the licensee’s sponsoring broker, no disclosure is necessary C. If they list the property with a different broker, no disclosure is necessary D. Disclosure of the license is requiredWhile on a hike with a tour group in the mountains, Derek gets mauled by a bear. No previous reports of bears in the area had been made. Derek wants to hold the tour company liable for his injury. Which of the following is most likely true? A. Derek cannot hold the tour company liable because there is no way to prepare for or avoid a bear attack. B. The company is not at fault because it does not owe Derek a duty of care. C. Because most people would not expect something as dangerous as a bear encounter while on a hike, an assumption of risk defense will probably not protect the tour company. D. Derek assumed the risk of a bear attack by joining the tour group, so he cannot hold the tour company liable.Which of the following individual must have an insurance producer license? A field underwriter who inspects building A clerical worker who reviews insurance applications for accuracy A personnel officer who enrolls employees in a group health plan An insurance agency secretary who binds automobile insurance policies
- Limited benefit plans are designed to: O A. O B. O C. O D. provide additional insurance coverage for named diseases insure business owners only for all diseases protect employees for the loss of life insurance pay for unemployment ExpensesWhich of these statements are Red Flags that may signal Colleague involvement in money laundering, terrorist financing or consumer fraud? (Select all that apply) Colleague tells a customer how to work around a policy so the transaction goes undetected. Colleague violates company limits or identification requirements on the sale of various money services products. Colleague appears to be living above his/her prior lifestyle. Colleague answers a customer's question on Wire Transfer funds. A colleague has one or more customers asking specifically for him/her to process money service or product transactions.In regards to plagiarism. What would someone specifically look at in a report for an investigation?