Exam (elaborations)
State Farm Insurance License Exam Questions and Answers 2023 with complete solution
- Course
- State Farm Property
- Institution
- Liberty University
1. Abandonment Condition: 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. 2. Accident: A loss that occurs at a specific time and place 3. Actual Cash Value (ACV):...
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