State Farm Insurance
State License
Farm Insurance
Exam
State
–
License
Farm
Study
Insurance
Exam
Guide –
&License
Practice
Study Exam
Guide
Questions
–
& Practice
Study
(Property
Guide
Questions
&&Casualty
Practice
(Property
_Questions
Life&&Casualty
Health
(Property
Prep).pdf
_ Life&&Casualty
Health Prep).pdf
_ Life & Health Prep).pdf
State Farm
Insurance License
Exam – Study
Guide & Practice
Questions
(Property &
Casualty / Life &
Health Prep)
State Farm Insurance
State License
Farm Insurance
Exam
State
–
License
Farm
Study
Insurance
Exam
Guide –
&License
Practice
Study Exam
Guide
Questions
–
& Practice
Study
(Property
Guide
Questions
&&Casualty
Practice
(Property
_Questions
Life&&Casualty
Health
(Property
Prep).pdf
_ Life&&Casualty
Health Prep).pdf
_ Life & Health Prep).pdf
,State Farm Insurance License Exam.pdf State Farm Insurance License Exam.pdf State Farm Insurance License Exam.pdf
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 Company that meets a state insurance department's standards and is allowed to
do business in that state.
Adverse Selection the tendency of insureds with a greater than average chance of loss to purchase
insurance
Annual Transit Policy Nonfiled commercial inland marine transportation form that insures a property
owner's incoming or outgoing shipments of goods during a year
Appraisal Clause A survey of property to determine the insurable value of the property or the
value of the loss sustained.
State Farm Insurance License Exam.pdf State Farm Insurance License Exam.pdf State Farm Insurance License Exam.pdf
, State Farm Insurance License Exam.pdf State Farm Insurance License Exam.pdf State Farm Insurance License Exam.pdf
Appraisal Condition Policy condition that outlines a procedure for when the insured and insurer
disagree on the amount of a loss
Assignment The legal transfer of one's interest in an insurance policy to another person.
Aviation Hull Insurance Provides coverage for physical damage to an aircraft.
Bailee's Customers Policy Nonfiled commercial inland marine form obtained by a bailee to cover loss or
damage to customers' property in the bailee's custody without regard to liability.
Appurtenant Structures Buildings of lesser value that are on the same premises as the main building
insured under a property policy; they are usually covered by the policy.
Assignment Condition Condition in insurance policies that specifies that the policy cannot be transferred
to another unless the company consents to the transfer in writing.
Bailee A person or organization that has temporary possession of someone else's
personal property.
State Farm Insurance License Exam.pdf State Farm Insurance License Exam.pdf State Farm Insurance License Exam.pdf
State License
Farm Insurance
Exam
State
–
License
Farm
Study
Insurance
Exam
Guide –
&License
Practice
Study Exam
Guide
Questions
–
& Practice
Study
(Property
Guide
Questions
&&Casualty
Practice
(Property
_Questions
Life&&Casualty
Health
(Property
Prep).pdf
_ Life&&Casualty
Health Prep).pdf
_ Life & Health Prep).pdf
State Farm
Insurance License
Exam – Study
Guide & Practice
Questions
(Property &
Casualty / Life &
Health Prep)
State Farm Insurance
State License
Farm Insurance
Exam
State
–
License
Farm
Study
Insurance
Exam
Guide –
&License
Practice
Study Exam
Guide
Questions
–
& Practice
Study
(Property
Guide
Questions
&&Casualty
Practice
(Property
_Questions
Life&&Casualty
Health
(Property
Prep).pdf
_ Life&&Casualty
Health Prep).pdf
_ Life & Health Prep).pdf
,State Farm Insurance License Exam.pdf State Farm Insurance License Exam.pdf State Farm Insurance License Exam.pdf
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 Company that meets a state insurance department's standards and is allowed to
do business in that state.
Adverse Selection the tendency of insureds with a greater than average chance of loss to purchase
insurance
Annual Transit Policy Nonfiled commercial inland marine transportation form that insures a property
owner's incoming or outgoing shipments of goods during a year
Appraisal Clause A survey of property to determine the insurable value of the property or the
value of the loss sustained.
State Farm Insurance License Exam.pdf State Farm Insurance License Exam.pdf State Farm Insurance License Exam.pdf
, State Farm Insurance License Exam.pdf State Farm Insurance License Exam.pdf State Farm Insurance License Exam.pdf
Appraisal Condition Policy condition that outlines a procedure for when the insured and insurer
disagree on the amount of a loss
Assignment The legal transfer of one's interest in an insurance policy to another person.
Aviation Hull Insurance Provides coverage for physical damage to an aircraft.
Bailee's Customers Policy Nonfiled commercial inland marine form obtained by a bailee to cover loss or
damage to customers' property in the bailee's custody without regard to liability.
Appurtenant Structures Buildings of lesser value that are on the same premises as the main building
insured under a property policy; they are usually covered by the policy.
Assignment Condition Condition in insurance policies that specifies that the policy cannot be transferred
to another unless the company consents to the transfer in writing.
Bailee A person or organization that has temporary possession of someone else's
personal property.
State Farm Insurance License Exam.pdf State Farm Insurance License Exam.pdf State Farm Insurance License Exam.pdf
