Property and Casualty Exam Louisiana with Complete Solutions

Property and Casualty Exam Louisiana with Complete Solutions Property and Casualty Exam Louisiana with Complete Solutions Property and Casualty Exam Louisiana with Complete Solutions Roy brought his house 10 years ago for 150,000 but it would cost 200,000 to rebuild it today. Because his house is in a highly desirable area, it's Fair Market Value $275,000. What amount should the agent recommend that Roy insure his house for to provide replacement cost for a total loss? A) 150,000 B) 160,000 C)275,000 D) the ACV of the house - ANSWER-B) 160,000 A participating company headquartered in a Guam authorized to do business in your state would be described as which company? A) an admitted, foreign mutual company B) an admitted, alien mutual company C) an authorized foreign stock company D) an authorized alien mutual company - ANSWER-A) an admitted, foreign mutual