State farm insurance lice Study guides, Class notes & Summaries

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

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

State Farm Insurance License Exam Containing 117 Questions and Answers . Terms like: Abandonment Condition - Answer: 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.

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

State Farm Insurance License Exam Containing 117 Questions and Answers . Terms like: Abandonment Condition - Answer: 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.

State Farm Insurance License Exam Questions with solutions Scored A+ 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 Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:04 / 0:15 Full screen Actual Cash Value (ACV) ...

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 stand...

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...

State Farm Insurance License Exam 117 QUESTIONS AND CORRECT DETAILED ANSWERS

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...