State farm insurance Study guides, Class notes & Summaries

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State Farm Insurance License Exam Questions and Answers (2024 / 2025) (Verified Answers) State Farm Insurance License Exam Questions and Answers (2024 / 2025) (Verified Answers) State Farm Insurance License Exam Questions and Answers (2024 / 2025) (Verified Answers) State Farm Insurance License Exam Questions and Answers (2024 / 2025) (Verified Answers) State farm insurance license exam questions cost to become a state farm agent state farm agent salary during training how long do...

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Texas Promulgated Contracts-CHAMPIONS STUDY 2022-2023. The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilatera...

State Farm Insurance License Exam Questions and Answers (2022/2023) (Verified Answers)

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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 Property Questions and Answers 2022/2023 COMPLETE SOLUTION ( A+ GRADED 100% VERIFIED) LATEST In property insurance actual cash value is defined as which of the following - ANS Replacement cost at the time of the loss, less depreciation Peril is most easily defined as - ANS the cause of loss insured against What is a leading factor in the determination of actual cash value - ANS replacement cost Replacement cost is defined as - ANS full replacement of property at its curr...