Exam (elaborations)
CAIB 2 - Chapter 1 Practice Questions and Correct Answers
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- Institution
The three amounts to be considered when calculating the amount of payment as outlined in the Indemnity Agreement are: 1) the value of the lost or damaged property (ACV) 2) the interest of the insured in the property (ex. financial interest, home, mortgage) 3) the amount of insurance specified on ...
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