Exam (elaborations)
State Farm Insurance License Exam Questions and Answers (2022/2023) (Verified Answers)
State Farm Insurance License Exam Questions and Answers (2022/2023) (Verified Answers) Abandonment Condition Correct 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 Correct Answer: A loss that occurs at a specific time and place Actual Cash Value (ACV) Correct Answer: Today's replacement cost minus depreciation. Depreciation from wear and tear, or obsolescence. admitted insurer; authorized insurer Correct Answer: Company that meets a state insurance department's standards and is allowed to do business in that state.
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Institution
Liberty University
Course
State Farm Property
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- Institution
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Liberty University
- Course
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State Farm Property
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- December 30, 2022
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state farm insurance license exam questions and answers 20222023 verified answers
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state farm insurance license exam
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state farm insurance license
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state farm insurance license exam questions and an
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