What type of special title insurance policy covers the possibility of a mechanic's lean having priority over a mortgage or deed of trust?
a) An oil and gas interest policy
b) a leaseholder policy
c)a vendee policy
d)An early issue endorsement
What type of special title insurance policy covers the possibility of a mechanic's lean having priority...
What will a title company issue that is an agreement by an insurer to issue a title policy? a) A chain of title b) A certificate of deposit c) A title insurance commitment d) An escrow disbursement
1. As a deterrent to keep individuals from excessively submitting claims to the insurance policy and for policyholders to follow responsible behavior, particular in the case of auto insurance, insurance companies commonly use a) 100% coverage b)inflation protection. c) risk-based premiums. d) no-fault insurance. e) changing phone numbers. 2. A diversified portfolio consists of two or more assets a) whose rates of return do not have high positive correlation. b) whose rates of return do not have zero correlation. c)...
6 Which of the following is not a factor that private mortgage insurance companies consider when they set their rates and coverage parameters? Oa. Loan amount and loan type O b. LTV and the borrower's credit score c. Borrower's age and familial status 7 The waiver clause in a promissory note states that all parties to the contract are waiving the right of: b. alienation. O c. assumption d. unconditional promise of payment 8 The Uniform Residential Appraisal Report (URAR)...
91. What is the primary value of insurance to business enterprise? It removes all tort and contract liability risk. It provides a means to shift risk away from the business to an insurer. It shields directors and officers from personal liability. d. It imposes a duty of utmost good faith on the business enterprise. 92. Under which level of government jurisdiction do insurance policies fall? a. provincial jurisdiction b. federal jurisdiction c. executive jurisdiction d. municipal jurisdiction...
4. A. What would be your monthly mortgage payment if you pay for a $250,000 home by making a 20% down payment and then take out a 3.74% thirty year fixed rate mortgage loan where interest is compounded monthly to cover the remaining balance. All work must be shown justifying the following answers. Mortgage payment = B. How much total interest would you have to pay over the entire life of the loan. Total interest paid = C. Suppose you inherit some money and...
What types Of marketing messages should each of the three life
insurance companies design to reach consurners such as John and
Sandy. for either the information search. evaluation of
alternatives. or both Stages Of the buying decision marking
process?
ohn Mulvaney just reached an important milestone in his life-birth of his first child. After seven years as a DINK (dual income-no kids) family, he and his wife Sandy decided it was time add a new member. At that point the...
what kind details
3. Recommend in years) for followi amount. a type of life insurance (including the dollar amount and length of the policy r the following people. Be sure to EXPLAIN how you came up with the SSS 7. She A) Sue is 26 years old, a single mom with two children, Jake age 5 and Grace- age currently makes $45,000 a year as a registered nurse. She has $9,000 in an emergency owns her 1994 Nissan Altima, has...
1) A landlord-tenant relationship is characterized by the ________. A) transfer of title to the tenant B) receipt of a nonfreehold estate by the tenant C) creation of a future interest for the tenant D) free simple absolute ownership of the tenant 2) An estate where the tenant has a right to possess the real property but does not own title to the property is called ________. A) free simple absolute estate B) gifted estate C) nonfreehold estate D) easement...
A homeowners' policy will typically pay up to $500 per plant that is damaged by a covered peril. This is an example of: an aggregate dollar limit an open perils dollar limit C. a specific dollar limit a mixed dollar limit none of the above e. You purchase an annuity for which you will make one payment of $15,000 on your 50 birthday. The annuity will start paying you $400 a month on your 67" birthday until you die. What...
Hayley’s Bistro is considering having an “early bird special,” discounts for individuals who are willing to dine early. One reason that a restaurant might consider such a plan is because the restaurant gets too full at peak times. Let’s assume that Hayley does not have this problem; Hayley is considering the special purely as a price discrimination scheme. Assume the costs of serving customers are constant throughout the day and are equal to $10 per customer. This implies that overcrowding,...