AIC 304
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Scope correct answers A list of the areas damaged that includes the type of damage, a description of the proposed action to take regarding the damaged property (such as repair, replace, remove, or demolish), and the area's measurements. 
 
Nonwaiver agreement correct answers A signed agreement indicating that during the course of investigation, neither the insurer nor the insured waives rights under the policy 
 
Insurable interest correct answers An interest in the subject of an insurance po...
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1 
AIC 304 STUDY Exam Questions And 
Answers 2025 Update. 
The insurance-to-value provision often found in homeowners policies applies only to - 
AnswerA. Property insured under Coverage A--Dwelling. 
B. Personal property. 
C. Property insured under Coverage A--Dwelling and Coverage B--Other Structures. 
D. Property insured under Coverage B--Other Structures 
C 
Benjamin is a claims representative handling a merchandise loss. He needs someone to pre...
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