Benardairo98

Liability - Answer Protects you if you are presumed by someone else because you hurt them No fault/one way/PLPD -- answer Liability coverage only (no collision or comprehensive) Standard Collision: Answer Regardless of fault insured has to pay a deductible Broad collision -- Answer Insured doesn't have to pay deductible if not at fault P300 - Answer Primary medical expenses, primary wage loss with a $300 deductible

which of the following refers to being restored to the financial condition you were in before a loss? - Correct answer-indemnification Mark incurred $8,000 in damage to his car in an accident. he received 8000$ from his insurance company and $4,000 from the other driver. by receiving a profit from the loss, Mark is in violation of

State Farm State Test Insurance producer Correct Answer: An individual or an entity authorized in writing by a lawfully qualified insurance compnay to transact, negotiate or effect contracts of insurance of behalf of that insurance company. Resident Producer Correct Answer: Any person that lives in kansas and is licensed to transact insurance business for at least one insurer.

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...