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IN101_V7

Exam Code: IN101_V7

Exam Name: BICSI Installer 1 Exam

Version: V22.75

Q & A: 580 Questions and Answers

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NEW QUESTION: 1
Maddie, a registered agent affiliated with broker-dealer QuikDeals, quit her job on the spur of the moment.
Under the guidelines of the Uniform Securities Act (USA), who is responsible for notifying the
Administrator?
A. QuikDeals has the sole responsibility for notifying the Administrator. Maddie is no longer deemed to be
an agent after she terminated her relationship with QuikDeals, so she need do nothing.
B. Maddie has the sole responsibility for notifying the Administrator.
C. Both QuikDeals and Maddie are responsible for notifying the Administrator.
D. It depends. If Maddie becomes affiliated with another broker-dealer within thirty days, then she must
notify the Administrator of her termination with QuikDeals and her current affiliation with the new firm.
Otherwise, only QuikDeals must notify the Administrator.
Answer: C
Explanation:
Under the guidelines of the USA, when Maddie quits her job as a registered agent with
QuikDeals, both QuikDeals and Maddie are responsible for notifying the Administrator. Both the
broker-dealer and the agent involved are required to notify the Administrator whenever an agent begins or
ends her association with the broker-dealer.

NEW QUESTION: 2
When importing data using the Integration Framework, which property can be set to a user's own e-mail for notifications?
A. Mxe.int.adrninistratormail
B. Mxe.int.admintoemail
C. Mxe.int.emailto
D. Mxe.int.email
Answer: B

NEW QUESTION: 3
Recent activities in the marketplace have caused your company to comply with requests from 50 percent of your policyholders to cancel their policies. The company complies and refunds them amounts due. Your audit of this should ensure these refunds were charged against what account?
A. Unearned premium reserve
B. Incurred but not reported (IBNR)
C. Allocation for uncollectible accounts
D. Goodwill
Answer: A

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