Pls help ASAP Your client has a Homeowners Comprehensive policy throughyour office. She decides to go into business for herself andopens up a hairdressing salon in her home without telling you.She has no employees. To what extent may this affect herinsurance policy?The policy is not affected.Coverage is automatically suspended until a hydro certificate is obtained regardingthe electrical outlets.It is a change material to the risk and the coverage could be impaired because offailure to notify the insurer.Since a business is now conducted in the residence, the replacement costsettlement clause no longer applies.

A Homeowners comprehensive policy is a broad spectrum that provides insurance coverage with regard…

Answered: Your client has a Homeowners…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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You are the listing agent for a beautiful house that was built in 1975. A buyer is interested in purchasing the property. What kind of disclosure must the seller make to the buyer? asbestos disclosure lead-based paint disclosure septic tank disclosure underground storage tank disclosure
When a lender refuses to grant credit in substantially the amount or on substantially the terms requested in an application, which of the following actions must be issued? A) Denial form B) Adverse action C) Termination notice D) Application denial action
If an insured voluntarily gives up the life insurance contract, the policy is A) Foreclosed B) Lapsed C) on extended warranty D) reinstated
D) The title company decides which index type the ARM will use when an applicant closes the loan, and the index type generally will change after loan closing. A Loan Estimate is considered expired and is permitted to be revised by the creditor without additional justification if the consumer indicates an intent to proceed with the transaction more than: A) 1 business day after the Loan Estimate was provided. B) business days after the Loan Estimate was provided. C) 7 business days after the Loan Estimate was provided. D) 10 business days after the Loan Estimate was provided.
Which one (1) of the following statements is true regarding Replacement Cost insurance? OA) A professional appraisal is required by insurers before they will insure any property for its Replacement Cost. OB) Most insurers do not require an insured to replace a damaged property as a condition to be indemnified for its Replacement Cost. OC) A condition of this coverage is that replacement must be with materials of similar kind and quality. OD) Only commercial properties can be insured for their Replacement Cost.
33. Which of the following involves an investor convincing a consumer to purchase new life insurance policy for the primary reason of reselling it into the secondary market ?
52 if the insured consults during the first policy year the insurer will a. Pay the face amount but not double b. Pay 10% of the policy face value c. Return all premiums and not pay the claim d. Return all premiums less company expenses
If an issue arises after the completion of a transaction, which of the following actions should a salesperson take to remedy the situation? O slect one answer. The salesperson should act promptly and resolve any Issues that may arise before the parties take legal action. The salesperson should first review the agreement and verify the relevant information, to accurately advise the seller or buyer as required. The salesperson should first arrange for compensation and reimburse the buyer or seller for any loss they may have The salesperson should inform their client that since the transaction has closed, they are no longer obligated to provide further services to them. incurred.
In life insurance, reduced paid up is an example of a a. Supplemental endorsement b. Non-forfeiture option c. Prohibited practice d. Guaranteed insurability rider
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Your client has a Homeowners Comprehensive policy through your office. She decides to go into business for herself and opens up a hairdressing salon in her home without telling you. She has no employees. To what extent may this affect her insurance policy?