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State Farm Estimatics Exam Questions with Correct Answers The formula for determining the area of a trapezoid is: Select the single best answer: A. [(Base1 + Base2) ÷ 2] x Height B. ½ Base x Height C. Base x Height D.

State farm auto external claim Resource Certification Exam You're preparing an estimate on a customer's vehicle that requires refinishing of the hood and right front fender only. The hood is the first panel listed on the estimate. According to most Collision Estimating Guides, would refinish overlap be applicable on the hood? Choose the most correct statement. Select the single best answer: A. Overlap would not be applicable on the hood refinish time as it's the first major panel. A ...

State Farm Insurance License Exam Questions and Answers Abandonment Condition - Correct answer A condition often contained in property insurance policies that states that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value." "Accident - Correct answer A loss that occurs at a specific time and place" "Actual Cash Value (ACV) - Correct answer Today's replacement cost minus depreciation. Depreciation from wear and tear, or obsole...

State farm auto external claim Resource Certification Exam Select Service Program - Correct answer In some market areas, repairers have been selected to participate in State Farm's Select Service Program. The program is designed to enhance claim service, increase efficiency, and afford customers an opportunity to select qualified repairers to inspect and estimate vehicle damage" "Paintless Dent repair - Correct answer Paintless Dent Repair (PDR) is an industry recognized repair process ...

State farm certification - claims adjuster Special Limits of Liability for 1. money - Correct answer $200 for money or coins" "whats covered under dwelling - Correct answer tures attached to dwelling ials/supplies on or adjacent to residence premises for construction use or alteration of the premises. ation, footings, floor slabs supporting dwelling -wall to wall carpeting" "other structures separated by clear space are.... such as - Correct answer covered. Structures connec...

Webce Life and Health Comprehensive Review Questions and Answers Representations and Warranties - Correct answer Representations are statements the applicant makes on an application that are deemed to be true to the applicant's best knowledge. Warranties are statements the insurer makes in the contract." "Underwriting vs. Actuarial Departments - Correct answer Two related insurance company functions. Through the process of _________, applications are assessed for insurability and to ass...

WebCE Exam Questions With Correct Answers On what basis are benefits payable under a long-term care insurance policy typically triggered? A) the diagnosis of an acute medical condition B) the number and types of medications prescribed C) the inability to perform of medications prescribed D) all of the above - Correct answer C) The inability to perform defined ADLs The inability to perform defined ADLs. Benefits payable under a long-term care policy are typically based on (or "tri...

webce Exam questions and Answers which of the following situations presents a situation of pure risk? -knowing that his family is depending on him, Frank wants to insure his life -wanting to increase his retirement savings, Saul invests his life savings in the stock market -Ralph takes a second mortgage on his house and uses the proceeds to gamble -wanting better job security, Ron cashes in his life insurance to start his own business - Correct answer knowing that his family is dependin...

webce insurance exam Questions and Answers “Which of the following exempted insurance companies from federal antitrust legislation? - Correct answer the McCarran-Ferguson Act" " Which of the following has primary responsibility for regulating the insurance industry? a. the states - Correct answer " "Which statement about the NAIC is correct? - Correct answer The NAIC prepares model laws, regulations, and guidelines for adoption by the states." " The NAIC issued a model law ...

WEBCE Exam - 100 Questions with Correct and Verified Answers In general, what is the earliest age at which a person can take a distribution from a qualified plan without a tax penalty? - Correct answer 59 1/2" "Carol was 35 when she bought her deferred annuity. Now, at age 38, she wants to withdraw funds from the contract to take a vacation. Carol is likely to encounter all of the following consequences in making the withdrawal EXCEPT: - Correct answer statutory minimum withholding requi...