Study guides, Class notes & Summaries
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State Farm Propertyexam | Questions and Answers Graded A+ Latest 2024
- Exam (elaborations) • 6 pages • 2024
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State Farm Propertyexam | Questions and 
Answers Graded A+ Latest 2024 
What are considered parts of the policy structure - CORRECT ANSWER 
conditions, exclusions, insuring clause 
A homeowner sells his house to a friend. the friend wants to keep the 
homeowners current policy in effect. under the assignment provision which of 
the following is most likely? - CORRECT ANSWER the homeowner will need to 
get written consent from the insurer before the policy can be reassigned 
What is consider...
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State Farm Property exam | Questions and Answers Graded A+ Latest 2024
- Exam (elaborations) • 45 pages • 2024
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State Farm Property xam | Questions and 
Answers Graded A+ Latest 2024 
What are considered parts of the policy structure - CORRECT ANSWER 
conditions, exclusions, insuring clause 
A homeowner sells his house to a friend. the friend wants to keep the 
homeowners current policy in effect. under the assignment provision which of 
the following is most likely? - CORRECT ANSWER the homeowner will need to 
get written consent from the insurer before the policy can be reassigned 
What is consider...
-
State Farm Property exam | Questions and Answers Graded A+ Latest 2024
- Exam (elaborations) • 45 pages • 2024
-
- $12.49
- + learn more
State Farm Property xam | Questions and 
Answers Graded A+ Latest 2024 
What are considered parts of the policy structure - CORRECT ANSWER 
conditions, exclusions, insuring clause 
A homeowner sells his house to a friend. the friend wants to keep the 
homeowners current policy in effect. under the assignment provision which of 
the following is most likely? - CORRECT ANSWER the homeowner will need to 
get written consent from the insurer before the policy can be reassigned 
What is consider...
-
State Farm Property exam | Questions and Answers Graded A+ Latest 2024/2025
- Exam (elaborations) • 39 pages • 2024
- Available in package deal
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- $12.49
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State Farm Property xam | Questions and 
Answers Graded A+ Latest 2024/2025 
control of property - CORRECT ANSWER protects against negligent acts of noninsureds 
other insurance - CORRECT ANSWER concerns property that is insured by more 
than one policy 
legal action against an insurer - CORRECT ANSWER says when an insured my 
sue the insurer 
subrogation - CORRECT ANSWER insurer can sue third parties for damages to 
the insured 
liberalization - CORRECT ANSWER when an insurer increases its...
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State Farm Property exam | Questions and Answers Graded A+ Latest 2024/2025
- Exam (elaborations) • 39 pages • 2024
- Available in package deal
-
- $12.49
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State Farm Property xam | Questions and 
Answers Graded A+ Latest 2024/2025 
control of property - CORRECT ANSWER protects against negligent acts of noninsureds 
other insurance - CORRECT ANSWER concerns property that is insured by more 
than one policy 
legal action against an insurer - CORRECT ANSWER says when an insured my 
sue the insurer 
subrogation - CORRECT ANSWER insurer can sue third parties for damages to 
the insured 
liberalization - CORRECT ANSWER when an insurer increases its...
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State Farm Property exam | Questions and Answers Graded A+ Latest 2024/2025
- Exam (elaborations) • 15 pages • 2024
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- $12.49
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State Farm Property xam | Questions and 
Answers Graded A+ Latest 2024/2025 
A dealer is required to have on file the licenses of each of their employed 
salespersons but need not display them in their place of business - CORRECT 
ANSWER False 
A dealer must take in the title in their own name before selling a car to a retail 
customer - CORRECT ANSWER False 
A salesperson can change dealerships during the licensing year provided that the 
correct form and fee is submitted to the board such...
-
State Farm Property exam | Questions and Answers Graded A+ Latest 2024/2025
- Exam (elaborations) • 60 pages • 2024
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- $12.49
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State Farm Property xam | Questions and 
Answers Graded A+ Latest 2024/2025 
A dealer is required to have on file the licenses of each of their employed 
salespersons but need not display them in their place of business - CORRECT 
ANSWER False 
A dealer must take in the title in their own name before selling a car to a retail 
customer - CORRECT ANSWER False 
A salesperson can change dealerships during the licensing year provided that the 
correct form and fee is submitted to the board such...
-
State Farm Property exam | Questions and Answers Graded A+ Latest 2024/2025
- Exam (elaborations) • 96 pages • 2024
-
- $12.49
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State Farm Property xam | Questions and 
Answers Graded A+ Latest 2024/2025 
A dealer is required to have on file the licenses of each of their employed 
salespersons but need not display them in their place of business - CORRECT 
ANSWER False 
A dealer must take in the title in their own name before selling a car to a retail 
customer - CORRECT ANSWER False 
A salesperson can change dealerships during the licensing year provided that the 
correct form and fee is submitted to the board such...
-
State Farm Property Exam | Questions and Answers Graded A+ Latest 2024/2025
- Exam (elaborations) • 29 pages • 2024
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- $12.49
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State Farm Property Exam | Questions and 
Answers Graded A+ Latest 2024/2025 
preferred, standard, substandard, or decline - CORRECT ANSWER The four 
ways risks are classified. 
primary insurance amount (PIA) - CORRECT ANSWER Amount equal to covered 
workers full Social Security retirement benefit or disability benefit. 
probationary period - CORRECT ANSWER A period of time between the 
issuance of a policy and the date coverage begins. 
proof of loss - CORRECT ANSWER A mandatory NAIC provis...
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State Farm Property Exam | Questions and Answers Graded A+ Latest 2024/2025
- Exam (elaborations) • 125 pages • 2024
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- $12.49
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State Farm Property Exam | Questions and 
Answers Graded A+ Latest 2024/2025 
preferred, standard, substandard, or decline - CORRECT ANSWER The four 
ways risks are classified. 
primary insurance amount (PIA) - CORRECT ANSWER Amount equal to covered 
workers full Social Security retirement benefit or disability benefit. 
probationary period - CORRECT ANSWER A period of time between the 
issuance of a policy and the date coverage begins. 
proof of loss - CORRECT ANSWER A mandatory NAIC provis...
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