Sc insurance - Study guides, Class notes & Summaries
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SC P&C Insurance Exam Study Guide Questions and Answers Graded A 2024
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Abandonment - the abdication of insured property into the hands of another, or into the possession of no one in particular 
 
Absolute Liability - Liability that arises from an extremely dangerous situation. Often found in cases involving explosives. Also known as "strict" liability. For example, you are absolutely liable if you keep a wild animal as a pet. 
 
Accident - an unplanned, unforseen event which occurs suddenly and at a specific place 
 
Actual Cash Value - the required amount to pa...
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South Carolina Real Estate Exam (State Portion Only) Questions and Answers
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South Carolina Real Estate Exam (State Portion Only) 
Questions and Answers 
The creditor should ascertain the preference of the _____ as to legal counsel relating to 
closing the loan and insurance agent. 
A) lender 
B) seller 
C) real estate agent 
D) borrower - Correct Answer ️️ -D) borrower 
The assumption fee when assuming a loan in SC may not exceed _____. 
A) 1% of the loan or $400, whichever is greater 
B) 1/2% of the loan 
C) $500 
D) 1% of the loan or $400, whichever is less - Corr...
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SC Property, Casualty, Surety, Marine Exam Questions and Answers 100% Answered!!
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SC Property, Casualty, Surety, Marine Exam Questions and Answers 100% Answered!!Accumulated Depreciation - ANSWERSThe total decrease in an item's value over a period of time. Formula:(Annual Depreciation x Number ofyears used) 1-J 
 
Acreage Reporting Date - ANSWERSThe deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. 3-E 
 
Actual Cash Value (ACV) - ANSWERSA valuation method used by...
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SC Insurance License Exam with correct Answers- Graded A
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SC Insurance License Exam with correct Answers
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SC P&C Insurance Exam Study Guide exam questions with 100% correct answers
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Abandonment 
the abdication of insured property into the hands of another, or into the possession of no one in particular 
 
 
 
Absolute Liability 
Liability that arises from an extremely dangerous situation. Often found in cases involving explosives. Also known as "strict" liability. For example, you are absolutely liable if you keep a wild animal as a pet. 
 
 
 
 
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SC P&C Insurance Exam Study Guide Exam questions with 100% correct answers 2024
- Exam (elaborations) • 18 pages • 2024
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Abandonment 
the abdication of insured property into the hands of another, or into the possession of no one in particular 
 
 
 
Absolute Liability 
Liability that arises from an extremely dangerous situation. Often found in cases involving explosives. Also known as "strict" liability. For example, you are absolutely liable if you keep a wild animal as a pet. 
 
 
 
 
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SC INSURANCE FINAL EXAM
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SC INSURANCE FINAL EXAM
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SC INSURANCE FINAL EXAM 2024
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SC INSURANCE FINAL EXAM
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SC Insurance Brokers Exam Questions & Answers 100% Correct
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Resident Licensing Requirements - ANSWERS1. Be licensed as a resident property and casualty insurance producer. 
2. Pass the SC broker licensing examination with 70% or better. 
3. Pay a biennial fee of $200 
4. File surety bond in favor of SC in amount of $10,000. 
 
Nonresident Licensing Requirements - ANSWERS1. File application on form prescribed by the director. 
2. File affidavit stating insurance on a risk in this state will only be placed with licensed agents of insurers licensed to opera...
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SC P&C Insurance Exam
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SC P&C Insurance Exam Questions and Answers (Latest Update 2024)

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SC Property, Casualty, Surety and Marine Adjuster 19-11 Exam Questions and Answers (Latest Update 2024)

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SC Property & Casualty Exam Q&As (Latest 2024)

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South Carolina Insurance Exam Questions and Answers (Latest 2024)
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