FREE MHIC Knowledge Questions and Answers

0%

What coverage that can protect you from a range of claims of at least $50,000?

Correct! Wrong!

The fund reimburses homeowners for genuine losses caused by the act or omission of a licensed contractor.

Correct! Wrong!

An individual who offers home improvement contracts.

Correct! Wrong!

A person who does or offers house improvements.

Correct! Wrong!

Person who organizes and coordinates construction projects to satisfy the overall aims of the project and serves as the primary contact with the owner.

Correct! Wrong!

A person who conducts all or part of a house improvement but does not engage into an agreement with the homeowner.

Correct! Wrong!

What is the maximum amount of money that the Commission will award to any single claimant from the Guaranty Fund?

Correct! Wrong!

___________ refers to the expense of restoration, repair, replacement, or completion caused by poor workmanship, insufficient materials, or unfinished house renovation.

Correct! Wrong!

If the contractor fails to re-pay the commission within _________________, the Commission may sue for nonpayment.

Correct! Wrong!

A contract's primary elements

Correct! Wrong!

How long must employers keep OSHA Form 301?

Correct! Wrong!

Premium Tests $49/mo
FREE December-2024