The ________ Method to Settle Claims Is Based on the Current

question 61

Multiple Choice

The ________ method to settle claims is based on the current replacement cost of a damaged or lost item less depreciation.

• A)replacement value
• B)actual cash value
• C)umbrella
• D)endorsement
• E)personal property floater

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Definitions:

Designated

Appointed or assigned to a specified position or task, often officially.

Transgender

Refers to individuals whose gender identity differs from the sex they were assigned at birth.

Biologically Female

An individual whose physiological and reproductive anatomy at birth is typically characterized by XX chromosomes, ovaries, and female genitalia.

Publicly Identify

The act of revealing or disclosing an individual's or entity's identity to the general public.