State farm property exam Study guides, Revision notes & Summaries
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PVL3701 EXAM PACK 2023
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MCQ 
1. Indicate the correct option. 
Which one of the following things can be regarded as a res nullius? 
(1) a domesticated tiger living in his owner‟s house 
(2) an impala roaming in the bushes 
(3) a Persian cat lying on the neighbor‟s patio 
(4) a springbok kept on a private game farm for hunting purposes 
ANSWER: 
Option 2 is correct. A res nullius is a thing which does not belong to anyone. All creatures that are 
wild by nature either in their natural state or when they have...
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State Farm Property Exam Bundle Full Solutions Pack
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State Farm Property (Actual) Exam Solved 100% Correct
State Farm 2023 Questions and Answered 100% Correct
State Farm Estimates Exam with Complete Solutions
State Farm ISA Training Test Answered 100% Correct
tate farm auto external claim Resource Certification Exam Questions and Answers 100% Correct
State Farm- Types of Property Policies 2023 Solved
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State Farm Exams | Latest 2023 - 2024 | BUNDLE - Vocabulary, Property, Management , Fire Independent Policy, Estimatics 1,2 , Casualty, Auto Exam, Auto Adjuster Certification (9 Tests ) 2000 + Questions & Answers (Solved)
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State Farm Exams | Latest 2023 - 2024 | BUNDLE - Vocabulary, Property, Management , Fire Independent Policy, Estimatics 1,2 , Casualty, Auto Exam, Auto Adjuster Certification (9 Tests ) 2000 + Questions & Answers (Solved)
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State Farm Property Exam Questions with 100% Correct Answers
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State Farm Property Exam Questions with 100% Correct Answers 
which of the following refers to being restored to the financial condition you were in before a loss? 
indemnification 
 
 
mark incurred 8000$ damage to his car in an accident. he received 8000$ from his insurance company and 4000$ from the other driver. by receiving a profit from the loss, Mark is in violation of.. 
principle of indemnity 
 
 
the transfer of risk from one party to another is called 
insurance 
 
 
the principle of ...
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State Farm Property EXAM QUESTIONS AND ANSWERS COMPLETE SOLUTION
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State Farm Property EXAM QUESTIONS AND ANSWERS COMPLETE SOLUTION 
 
State Farm Property EXAM QUESTIONS AND ANSWERS COMPLETE SOLUTION 
 
State Farm Property EXAM QUESTIONS AND ANSWERS COMPLETE SOLUTION
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State Farm Property Exam Questions with 100% Correct Answers
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State Farm Property Exam Questions with 100% Correct Answers 
Policy assignment when assignee receives full control over the policy and full rights to its benefits. 
Absolute Assignment 
 
 
Life insurance rider that allow for early payment of some portion of policy's face amount, should the insured suffer from terminal illness/injury. 
Accelerated benefits rider 
 
 
Contract must be accepted by the insured exactly as it is written by the insurer. Terms of contract cannot be negotiated. Contra...
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State Farm Property Exam Questions with 100% Correct Answers
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State Farm Property Exam Questions with 100% Correct Answers 
Absolute Assignment 
Policy assignment when assignee receives full control over the policy and full rights to its benefits. 
 
 
Accelerated benefits rider 
Life insurance rider that allow for early payment of some portion of policy's face amount, should the insured suffer from terminal illness/injury. 
 
 
adhesion 
Contract must be accepted by the insured exactly as it is written by the insurer. Terms of contract cannot be negotiat...
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State Farm Property Exam Questions with 100% Correct Answers
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State Farm Property Exam Questions with 100% Correct Answers 
How long is the waiting period after the application has been accepted before flood coverage goes into effect? 
the waiting period is 30 days as required by the Nation flood insurance program 
 
 
which of the following Is covered under the camera and musical instruments dealers floater 
a customers camera left at a camera shop for repairs 
 
 
when an umbrella policy is broader than underlying insurance and it pays a loss that is not...
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STATE FARM PROPERTY EXAM (MAMAS TEST) QUESTIONS AND CORRECT DETAILED ANSWERS AGRADE
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STATE FARM PROPERTY EXAM (MAMAS TEST) QUESTIONS AND CORRECT DETAILED ANSWERS AGRADE
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State Farm Fire Independent Policy Exam Latest 2022/2023 Graded A+
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State Farm Fire Independent Policy Exam questions and answers ( A+ GRADED 100% VERIFIED) LATEST 2022/ 2023 Select the false statement listed below: In the HO-3 policy, the ALE payments will be made only for: Select the single best answer: A. The shortest time necessary to repair or replace the damaged property, but not to exceed 24 months. B. If the insured does not rebuild, the time necessary for the insured to relocate in permanent living quarters, but not to exceed 24 months. C. ALE payments ...