Chapter 3

Question 1 of 5

Medal-premium 1

The Acronym ACV means________________

Select one of the following:

  • Actual Cash Virtue

  • All Cash Value

  • Actual Cash Value

  • Any Car or Vehicle

Question 2 of 5

Medal-premium 1

You must have an financial interest to be listed on an insurance contract

Select one of the following:

  • True

  • False

Question 3 of 5

Medal-premium 1

The Acronym RC means ______________

Select one of the following:

  • Repair Cost

  • Replacement Cost

  • Radio control

  • Replacement Car

Question 4 of 5

Medal-premium 1

The policy limits can be located on the Declaration page of an insurance policy

Select one of the following:

  • False

  • True

Question 5 of 5

Medal-premium 1

Exclusions can change an HO3 policy to an Standard Fire policy

Select one of the following:

  • False

  • True

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Future Adjusters - Chapter 3

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FutureAdjusters
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