State farm insurance - Study guides, Class notes & Summaries

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State Farm Insurance License Exam Questions and Answers Abandonment Condition A condition often contained in property insurance policies that states that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value. Accident A loss that occurs at a specific time and place Actual Cash Value (ACV) Today's replacement cost minus depreciation. Depreciation from wear and tear, or obsolescence. admitted insurer; authorized insurer Compa...

STATE FARM INSURANCE LICENSE EXAM QUESTIONS AND CORRECT DETAILED ANSWERS | EVERYTHING YOU NEED TO PASS with A+ Messenger - ANSWER-In a crime policy, defined as an insured , partner, or employee who has care and custody of insured property outside the premises.

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STATE FARM INSURANCE LICENSE EXAM QUESTIONS AND ANSWERS LATEST 2024 UPDATE