Neil needs insurance that is unavailable in the state where he lives. To obtain insurance from a nonadmitted insurer, Neil should contact a
A) surplus lines broker.
B) nonadmitted agent.
C) general agency broker.
D) direct writer.
Answer: A
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For the following second mortgage application, calculate the percentage of appraised value and the potential credit: Appraised Lender's Percentage of Balance of First Potential Value Percentage Appraised Value Mortgage Credit $120,600 60% $40,300
What will be an ideal response?
Which of the following is a disadvantage of texting as a channel?
A. Security may be compromised. B. lack of structure and format C. unprofessional writing style D. all of these
Bantani Corporation, a large manufacturer of food packaging products, decides to purchase an existing manufacturing plant in India. This is an example of foreign direct investment.
Answer the following statement true (T) or false (F)
Assume estimated revenues exceed appropriations. When the budget for the General Fund is recorded, the journal entry will include:
A. a credit to Estimated Revenues Control. B. a credit to Budgetary Fund Balance -- Reserve for Encumbrances. C. a debit to Appropriations Control. D. a credit to Budgetary Fund Balance.