Which of the following is true about license reinstatement

Which of the following is true about license reinstatement



A) Lapsed licenses cannot be reinstated.

B) To reinstate a license, a producer must pass a written examination.

C) Reinstatement fees may be double the unpaid renewal fee.

D) A license can only be reinstated within 6 months from the renewal date



Answer: Reinstatement fees may be double the unpaid renewal fee

Comments

Post a Comment

Popular posts from this blog

Give the von Neumann-Morgenstern utility function.

  Give the von Neumann-Morgenstern utility function. A utility function has expected utility propety if u(g)=∑p_{i}u(a_{i}) for any g∈G where (p₁°a₁,...,p_{n}°a_{n}) is the simple gamble induced by g. The von Neumann-Morgenstern utility function is typically denoted as � ( � ) U ( x ) , where � x represents an outcome or a set of outcomes. This utility function satisfies the expected utility property, which states that for any gamble � g with associated probabilities � � p i ​ and outcomes � � a i ​ , the utility of the gamble � ( � ) u ( g ) is equal to the sum of the probabilities weighted by the utility of each outcome: � ( � ) = ∑ � � � ⋅ � ( � � ) u ( g ) = ∑ i ​ p i ​ ⋅ u ( a i ​ ) Here: � ( � ) u ( g ) represents the utility of the gamble � g . � � p i ​ is the probability associated with the outcome � � a i ​ . � ( � � ) u ( a i ​ ) is the utility of the outcome � � a i ​ . The sum is taken over all possible outcomes of the gamble. This property essentially captures ...
Read more

Life income joint and survivor settlement option guarantees

Life income joint and survivor settlement option guarantees a) Income for 2 or more recipients until they die. b) Payment of interest on death proceeds. c) Payout of the entire death benefit. d) Equal payments to all recipients. Answer: a) Income for 2 or more recipients until they die.
Read more