Accumulated depr Study guides, Class notes & Summaries

Texas All Lines Adjuster Test 2023 Accumulated Depreciation - ANSWER The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date - ANSWER The deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. Actual Cash Value (ACV) - ANSWER A valuation method used by insurers to reflect an item's current market value r...

Texas All Lines Adjuster Test - Questions And Answers Accumulated Depreciation - The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date - The deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. Actual Cash Value (ACV) - A valuation method used by insurers to reflect an item's current market value rig...

ADJUSTER PRO 2 EXAM 2023/2024 Agent - CORRECT ANSWER-one who recieves the authority to act on behalf of someone else Sales Agent - CORRECT ANSWER-receives authority to sell -authority given by written contract Insurance Adjuster - CORRECT ANSWER-receives authority to settle claims brought against the insurer - authority given by written contract Three major responsibilities of contracted agents - CORRECT ANSWER-1. follow the contract 2. always use reasonable judgement & care 3....

Texas All Lines Adjuster Test 2023 Accumulated Depreciation - ANSWER The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date - ANSWER The deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. Actual Cash Value (ACV) - ANSWER A valuation method used by insurers to reflect an item's current market value r...

Texas All Lines Adjuster Test - Questions And Answers Accumulated Depreciation - The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date - The deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. Actual Cash Value (ACV) - A valuation method used by insurers to reflect an item's current market value rig...

Texas All Lines Adjuster Test-Questions and Answers 2023 Accumulated Depreciation - ANSWER-The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date - ANSWER-The deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. Actual Cash Value (ACV) - ANSWER-A valuation method used by insurers to reflect a...

Texas All Lines Adjuster Test 2023 Accumulated Depreciation - ANSWER The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date - ANSWER The deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. Actual Cash Value (ACV) - ANSWER A valuation method used by insurers to reflect an item's current market value r...

Texas All Lines Adjuster Test - Questions And Answers Accumulated Depreciation - The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date - The deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. Actual Cash Value (ACV) - A valuation method used by insurers to reflect an item's current market value rig...

Texas All Lines Adjuster Test 2023 Accumulated Depreciation - ANSWER The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date - ANSWER The deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. Actual Cash Value (ACV) - ANSWER A valuation method used by insurers to reflect an item's current market value r...

Texas All Lines Adjuster Test 2023 Accumulated Depreciation - ANSWER The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date - ANSWER The deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. Actual Cash Value (ACV) - ANSWER A valuation method used by insurers to reflect an item's current market value r...