Exam (elaborations)
AINS 101 Exam; Questions and Answers 100% Solved
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AINS 101 Exam; Questions and Answers 100% Solved Actual cash value (ACV) Correct answer The cost to replace property with new property of like kind and quality less depreciation. Adverse selection Correct answer Insuring individuals with a high probability of loss at a cost lower than the insurer would normally charge for that risk because it wasn't aware of the actual risk involved. Binder Correct answer A temporary written or oral agreement to provide insurance coverage until a formal written policy is issue
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AINS 101
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AINS 101
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ains 101 exam questions and answers 100 solved
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actual cash value acv correct answer the cost t
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