State farm insurance lice Study guides, Class notes & Summaries
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State Farm Insurance License Exam graded A+ 2024
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State Farm Insurance License Exam graded A+ 2024
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State Farm Insurance License Exam Questions and Answers (2024 / 2025) (Verified Answers)
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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)
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STATE FARM INSURANCE LICENSE EXAM WITH CORRECTLY ANSWERED SOLUTIONS
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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 ...
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State Farm Insurance License Exam Questions And Answers With Verified Study Solutions
- Exam (elaborations) • 13 pages • 2024
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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...
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State Farm Insurance License Exam Questions and Answers 2024
- Exam (elaborations) • 23 pages • 2024
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State Farm Insurance License Exam Questions and Answers 2024
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State Farm Insurance License Exam Questions And Answers
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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...
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State Farm Insurance License Exam
- Exam (elaborations) • 13 pages • 2024
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- $7.99
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State Farm Insurance License Exam
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State Farm Insurance License Exam Questions and Answers (2024 / 2025) (Verified Answers)
- Exam (elaborations) • 23 pages • 2024
- Available in package deal
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- $10.99
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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)
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State Farm Insurance License Exam Questions and Answers (2024 / 2025) (Verified Answers) A+
- Exam (elaborations) • 21 pages • 2024
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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...
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State Farm Insurance License Exam (Questions with Answers) Graded 2023
- Exam (elaborations) • 22 pages • 2023
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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...
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