Exam (elaborations)
Exam FX- Michigan Property and Casualty Glossary with Complete Solutions!
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Abandonment - ANSWER-The abdication of insured property into the hands of another, or into the possession of no one in particular. Accident - ANSWER-An unplanned, unforeseen event which occurs suddenly and at a specific place. Actual Cash Value (ACV) - ANSWER-The required amount to pay damage...
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