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:

Joint Committees

Committees formed from members of both chambers of a bicameral legislature, tasked with conducting studies or performing duties beyond the purview of a single chamber.

Present Legislation

The body of laws and regulations currently in effect within a governmental jurisdiction.

Filibuster

A political tactic used in legislative assemblies to delay or prevent a vote on a proposal by speaking at length.

Senate

The upper house of the legislature in many countries, often responsible for reviewing and ratifying legislation.