Which of the following statements is true of the requirements for making a will?
A) A will need not be signed by the testator if it is created in the presence of witnesses.
B) A will need not be written to be considered valid only if it is a dying declaration.
C) A will cannot incorporate any other documents by reference.
D) The legal age for executing a will is set at 25 years across all states.
B
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Which of the following statements regarding mutual insurers is TRUE?
A) Mutual insurers issue participating policies. B) If a mutual insurer is profitable, it may issue taxable dividends to its policyholders. C) The board of directors oversees the operations of the company. D) Mutual insurers are also known as reciprocal insurers."
Which of the following statements is true concerning typical escrow procedures?
a. Once escrow has closed, the escrow agency changes from a dual agency to a separate agency of each principal. b. The escrow officer may be an advocate for the best interests of both principals. c. Once the escrow officer is in possession of a binding contract between the buyer and seller, it is said to be a "complete escrow." d. The escrow officer can be an advisor to both the buyer and the seller.