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P & C FINAL EXAM 2022
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P & C FINAL EXAM 2022 A portion of an insurance contract that informs who and what is covered, in addition to when coverage is effective, is known as the a. Declaration page b. Insuring agreeme ... nt c. Conditions d. Exclusions a. Declaration page The law that says the federal government has the right to regulate insurance only to the extent it is not regulated by state law is _________. a. the McCarran-Ferguson Act. b. the Gramm-Leach-Bliley Act. c. the FCRA. d. the Violent Crime Control and Law Enforcement Act of 1994. a. the McCarran-Ferguson Act. The pair and set clause found in property insurance policies states that in the event of a loss to only part of a pair or set, losses will be settled a. As if the entire pair or set had been destroyed b. At the proportionate amount of the stated value c. Either by repairing or replacing the damaged part or by paying the difference between the actual cash value before and after the loss d. Based on the actual cash value of the individual part [Show More]
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