State farm insurance lice Study guides, Class notes & Summaries

State Farm Insurance License Exam Questions and Answers (2024 / 2025) (Verified Answers)State Farm Insurance License Exam Questions and Answers (2024 / 2025) (Verified Answers)State Farm Insurance License Exam Questions and Answers (2024 / 2025) (Verified Answers)State Farm Insurance License Exam Questions and Answers (2024 / 2025) (Verified Answers)State Farm Insurance License Exam Questions and Answers (2024 / 2025) (Verified Answers)

Abandonment Condition - CORRECTANSWER-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. Accident - CORRECTANSWER-A loss that occurs at a specific time and place Actual Cash Value (ACV) - CORRECTANSWER-Today's replacement cost minus depreciation. Depreciation from wear and tear, or obsolescence. admitted insurer; authorized insurer - CORRECTANSWER-Company ...

State Farm Insurance License Exam Questions And Answers Abandonment Condition - ANS 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. Accident - ANS A loss that occurs at a specific time and place Actual Cash Value (ACV) - ANS Today's replacement cost minus depreciation. Depreciation from wear and tear, or obsolescence. admitted insurer; auth...

State Farm Insurance License Exam Questions and Answers 2024

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. Accident - A loss that occurs at a specific time and place Actual Cash Value (ACV) - Today's replacement cost minus depreciation. Depreciation from wear and tear, or obsolescence. admitted insurer; authorized insurer - Company that meets a state insurance department's standards and i...

State Farm Insurance License Exam (Questions with Answers) Graded 2023. Appraisal Clause (ANS A survey of property to determine the insurable value of the property or the value of the loss sustained. 8. Appraisal Condition (ANS) Policy condition that outlines a procedure for when the insured and insurer disagree on the amount of a loss 9. Assignment (ANS) The legal transfer of one's interest in an insurance policy to another person. 10. Aviation Hull Insurance (ANS) Provides coverage fo...

State Farm Insurance License Exam Questions and Answers (2024 / 2025) (Verified Answers)State Farm Insurance License Exam Questions and Answers (2024 / 2025) (Verified Answers)State Farm Insurance License Exam Questions and Answers (2024 / 2025) (Verified Answers)State Farm Insurance License Exam Questions and Answers (2024 / 2025) (Verified Answers)State Farm Insurance License Exam Questions and Answers (2024 / 2025) (Verified Answers)

State Farm Insurance License Exam

State Farm Insurance License Exam Questions and Answers (2024 / 2025) (Verified Answers) A+ State Farm Insurance License Exam Questions and Answers (2024 / 2025) (Verified Answers) Abandonment Condition (ANS) 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(ANS) A loss that occurs at a specific time and place 3. Actual Cash Value (ACV) (ANS) Toda...

State Farm Insurance License Exam Questions with Correct Answers