Insurance Studies > EXAM > State Farm Insurance License Exam 2025 A+ Exam Bank (All)
State Farm Insurance License Exam 2025 A+ Exam Bank
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State Farm Insurance License Exam 2025 A+ Exam Bank Abandonment Condition (ANS) 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. 2. Accident (ANS) A loss that occurs at a specific time and place 3. Actual Cash Value (ACV) (ANS) Today's replacement cost minus depreciation. Depreciation from wear and te [Show More]
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