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Texas Property and Casualty insurance study guide LATEST VERSIONS 2024 (VERSION A AND B) COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS
What is a deductible in an insurance policy? - ANSWERS,A specified dollar amount that the insured must pay before the insurer will pay the policy benefits In property insurance, what is actual cash value? - ANSWERS,Replacement cost at the time of loss, minus depreciation Wagering on a sporting event is known as what type of risk? - ANSWERS,Speculative What term defines an exact, direct, and uninterrupted cause of loss? - ANSWERS,Proximate cause What is subrogation? - ANSWERS,An insurer'...
- Exam (elaborations)
- • 20 pages •
What is a deductible in an insurance policy? - ANSWERS,A specified dollar amount that the insured must pay before the insurer will pay the policy benefits In property insurance, what is actual cash value? - ANSWERS,Replacement cost at the time of loss, minus depreciation Wagering on a sporting event is known as what type of risk? - ANSWERS,Speculative What term defines an exact, direct, and uninterrupted cause of loss? - ANSWERS,Proximate cause What is subrogation? - ANSWERS,An insurer'...