Florida certified - Study guides, Class notes & Summaries

Accumulated Depreciation Correct Answer: The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) Correct Answer: A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) Adhesion Correct Answer: One of the characteristics of an insurance contract. Means that one party (the insurer) sets the terms,...

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Adjuster Pro - Florida Certified Adjuster Glossary Exam Prep 2023. Accumulated Depreciation - ANSWER The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - ANSWER A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) Adhesion - ANSWER One of the characteristics of an insurance contrac...

Adjuster Pro - Florida Certified Adjuster Glossary _ Q&A

Wastewater Practice Test (Florida) English Exam Questions And Answers According to FDEP chapter 62-600.440 (4) (b) FAC, basic level disinfection is described as: - ANS A chlorine residual of 0.5 mg/L for 15 minutes at peak hourly flow FDEP chapter 62-604.550 (a) FAC, requires a wastewater spill shall be verbally reported to the state warning point no later than: - ANS 24hrs from discovery What is the 'rule of thumb' regarding pump packing? - ANS Never put rings of new pack...

Accumulated Depreciation - ANSWER-The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - ANSWER-A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) Adhesion - ANSWER-One of the characteristics of an insurance contract. Means that one party (the insurer) sets the terms, and the other ...

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