Exam (elaborations)
CIC Commercial Property Exam Questions with Answers
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Actual Cash Value (ACV) - Answer ️️replacement cost less an allowance for insurance depreciation, wear and tear, or obsolescence Advance premium - Answer ️️initial premium paid to begin coverage on a policy Agreed Value - Answer ️️a limit agreed upon by the underwriter and Named Insured that is deemed adequate, therefore, suspending the coinsurance clause
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Institution
CIC Commercial Property Certification
Course
CIC Commercial Property certification
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Written for
- Institution
- CIC Commercial Property certification
- Course
- CIC Commercial Property certification
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- Uploaded on
- January 22, 2024
- Number of pages
- 5
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers
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cic commercial property exam questions with answer
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cic commercial property test questions with answer
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cic commercial property quiz questions with answer
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