Exam (elaborations)
20-44 Personal Lines Agent PreXam Flashcards ALL SETS Highest-Rated Test Bank
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the cost to replace an item or property at the time of loss, minus depreciation - CORRECT ANSWER-Actual Cash Value (ACV) a type of policy limit which limits coverage to a specified total amount for all losses occuring w/in the policy period - CORRECT ANSWER-Aggregate Limit conviction of a 3rd...
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