Exam (elaborations)
Personal Lines Exam Prep Questions With Solutions
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Personal Lines Exam Prep Questions With Solutions Actual cash value is defined as..... replacement cost minus depreciation. Fine arts are typically insured on an ______ ______ _____, whereby an insured, and insured agree, at time of insuring, on an amount of insurance to be paid at the event of a loss. Agreed Value Basis The owner of clothing to be cleaned would be a ______. The dry cleaner cleaning the clothes is the ______. Bailor, Bailee The insurer has the right to take possession of damaged property after payment of loss. True
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Personal Lines
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Personal Lines
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- July 15, 2024
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- Written in
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