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State Farm Bundled Exams with Complete Solution | Verified Answers | 2024
State Farm Bundled Exams with Complete Solution | Verified Answers | 2024
[Show more]State Farm Bundled Exams with Complete Solution | Verified Answers | 2024
[Show more]In property insurance actual cash value is defined as which of the following - Replacement cost at the 
time of the loss, less depreciation 
Peril is most easily defined as - the cause of loss insured against 
What is a leading factor in the determination of actual cash value - replacement cost 
Rep...
Preview 2 out of 5 pages
Add to cartIn property insurance actual cash value is defined as which of the following - Replacement cost at the 
time of the loss, less depreciation 
Peril is most easily defined as - the cause of loss insured against 
What is a leading factor in the determination of actual cash value - replacement cost 
Rep...
7x sold
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.
Preview 2 out of 7 pages
Add to cartThe 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.
Select the false statement listed below: In the HO-3 policy, the ALE payments will be made only for: 
Select the single best answer: 
A. The shortest time necessary to repair or replace the damaged property, but not to exceed 24 months. 
B. If the insured does not rebuild, the time necessary for the...
Preview 3 out of 21 pages
Add to cartSelect the false statement listed below: In the HO-3 policy, the ALE payments will be made only for: 
Select the single best answer: 
A. The shortest time necessary to repair or replace the damaged property, but not to exceed 24 months. 
B. If the insured does not rebuild, the time necessary for the...
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 sta...
Preview 2 out of 6 pages
Add to cartYou'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 sta...
To be issued a business entity producer license by the commissioner the business entity must have how 
many partners or officers licensed as producers - atleast 1 
The occurence form trigger is based on which of the following? - the date where injury and damage 
occur 
How are surety bonds different...
Preview 2 out of 8 pages
Add to cartTo be issued a business entity producer license by the commissioner the business entity must have how 
many partners or officers licensed as producers - atleast 1 
The occurence form trigger is based on which of the following? - the date where injury and damage 
occur 
How are surety bonds different...
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