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State Farm Insurance License Exam Latest 2024 Actual Questions and Verified Answers (2024 / 2025) A+ Grade 100% Guarantee Verified by Experts$13.49
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Answer The legal transfer of one's interest in an insurance policy to another person.
10. Aviation Hull Insurance
Answer Provides coverage for physical damage to an aircraft.
11. Bailee's Customers Policy
Answer Nonfiled commercial inland marine form obtained by a bailee to cover loss or damage
to customers' property in the bailee's custody without regard to liability.
12. Appurtenant Structures
Answer Buildings of lesser value that are on the same premis- es as the main building insured
under a property policy; they are usually covered by the policy.
13. Assignment Condition
Answer Condition in insurance policies that specifies that the policy cannot be transferred to
another unless the company consents to the transfer in writing.
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