State Farm Exam Bundle (Graded A+)

State Farm Test Questions with Correct Answers Indirect/consequential loss - Answers-the financial loss suffered because of the "loss of use" of the covered property. the loss incurred because of the "loss of use" of the covered property. such as hotel expenses or rental care expenses. Exp...

State Farm study guide exam questions and answers utmost good faith - Answer-both parties must act honestly and openly in order for the contract to be valid adhesion - Answer-one party sets the terms of the contract; the other may simply agree or not agree unilateral - Answer-only the insur...

State Farm Property Exam Questions with Correct Answers Which of the following is used in the formula for calculating the actual cash value of a property - Answer-replacement cost What is the purpose of the coinsurance clause found in property insurance policies? - Answer-Encourage the insured...

state farm property and casualty exam questions with correct answers salvage - Answer--salvage is when an insurance company pays a claim, and then the insurance company has the right to assume ownership of the damaged property to repair it and sell it to recover part or all of the loss -salvage...

State Farm Policy Exam Questions with Correct Answers

STATE FARM P&C LICENSING EXAM QUESTIONS WITH CORRECT ANSWERS what is d-i-c-e? - answer-acronym standing for the 4 parts of a policy; declarations, insuring agreement, conditions, exlusions what is listed on the declarations page? - answer-named insured, policy limits, limits of liability...

State Farm License Exam Questions with Correct Answers Underinsured motorist coverage - Answer-Pays damages when a covered person is injured in a car accident caused by a driver who is insured but doesn't have liability insurance to cover the damages Uninsured Motorist Coverage - Answer-Pays ...

State Farm Latest Final Exam Questions with Complete Solutions submitting to a medical exam when requested - Answer-in the event of a claim under a commercial general liability policy, the insured has all of the following duties to the insurer Except penalty - Answer-a bond is written for a se...

State Farm ISA Training Exam Questions and Answers Never request cardholder data by email. If you recieve an email with credit/debit card data: - Answer-- Do not respond to or foward original email, start a new email when responding - Do not use the credit/debit card to make a payment, email is ...

State Farm Insurance License Exam Questions with Correct Answers Appraisal Clause - Answer-A survey of property to determine the insurable value of the property or the value of the loss sustained. Appraisal Condition - Answer-Policy condition that outlines a procedure for when the insured and ...

STATE FARM INSURANCE EXAM QUESTIONS WITH CORRECT ANSWERS to reduce expenses and cash flow, increase control of claim settlements, and to fund losses that can't be insured are called risk - Answer-retention dealing with risk for a group of individuals that have the same type of exposure to los...

State Farm Independent Auto Exam Questions with Correct Vehicle Inspection Sites - Answer-drive-ins at either Select Service locations or State Farm office locations and are available in some areas AEI - Answer-Auto Estimatics Inspectors Vehicle Inspection Site Appointment - Answer-should b...

State Farm Exam Questions with Complete Solutions (100% Pass)

State Farm Exam Questions and Answers Stacking - Answer-(Coverage U) When you have more than one car that gets into a car accident and the coverage from that car is not enough so U- stacking allows you to pull coverage from your other cars creating like a monster coverage. Comprehensive covera...