HISTORY 1 (HISTORY1)

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Adjuster Pro - Florida Certified Adjuster Glossary| 260 QUESTIONS
  • Adjuster Pro - Florida Certified Adjuster Glossary| 260 QUESTIONS

  • Examen • 20 páginas • 2023
  • Disponible en paquete
  • Accumulated Depreciation Correct Answer: The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) Correct Answer: A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) Adhesion Correct Answer: One of the characteristics of an insurance contract. Means that one party (the insurer) sets the terms,...
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Adjuster Pro - Florida Certified Adjuster Glossary| 260 QUESTIONS
  • Adjuster Pro - Florida Certified Adjuster Glossary| 260 QUESTIONS

  • Examen • 20 páginas • 2023
  • Disponible en paquete
  • Accumulated Depreciation Correct Answer: The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) Correct Answer: A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) Adhesion Correct Answer: One of the characteristics of an insurance contract. Means that one party (the insurer) sets the terms,...
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MILESTONE 3 exam,100% CORRECT
  • MILESTONE 3 exam,100% CORRECT

  • Caso • 17 páginas • 2020
  • MILESTONE 3 exam
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  • $7.49
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