State Farm Insurance

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State Farm Insurance License Exam; Questions & Answers: Guaranteed A+ Score: Updated
  • State Farm Insurance License Exam; Questions & Answers: Guaranteed A+ Score: Updated

  • Exam (elaborations) • 20 pages • 2022
  • Available in package deal
  • 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; authorized insurer (Ans- Company that meets a state insurance dep...
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