STATE FARM EXAM PACKAGE FOR 2023 WITH COMPLETE SOLUTIONS!!

Japanese term, kaizen, means: Continuous planning Quality improvement Quality planning Continuous improvement - ANSWER Continuous Improvement Who is the driving force throughout the life cycle of a product? Suppliers Customers Manufacturers Transporters - ANSWER Customers Which of th...

Appraisal Clause - ANSWER A survey of property to determine the insurable value of the property or the value of the loss sustained.

Select the single best answer: A. [(Base1 + Base2) ÷ 2] x Height B. ½ Base x Height C. Base x Height D.

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 d...

Which kind of losses are covered under a standard fire policy? - ANSWER Direct All fires are not covered by the Standard Fire policies, only those that: - ANSWER are hostile and have a flame or glow At what time does a fire policy go into affect? - ANSWER 12:01am standard time at the location ...

In property insurance actual cash value is defined as which of the following - ANSWER Replacement cost at the time of the loss, less depreciation Peril is most easily defined as - ANSWER the cause of loss insured against What is a leading factor in the determination of actual cash value - ANSW...

Competitive Bids - ANSWER The competitive bid process requires that two or more repairers submit competitive estimates or "bids" for a specific repair job. The amount of the low, complete bid is generally considered to be the "competitive" price and is used as the basis for settlement. In all ...

You're preparing an estimate on a customer's vehicle that requires refinishing of the hood and right front fender only. The hood is the first panel listed on the estimate. According to most Collision Estimating Guides, would refinish overlap be applicable on the hood? Choose the most correct state...