Insurance Customer Service Rep 440 Exam Review Questions And Answers Graded A+.

Performance {Ans: This bond guarantees indemnification to the obligee for any losses resulting from the principal s failure to complete the contract work in accord with specifications:}Garage Coverage Form {Ans: Used to insure businesses engaged in selling, servicing, repairing, parking or storing automobiles:}Surety {Ans: Guarantees the performance between the principle and the obligee:}Funds {Ans: Misappropriation of _______}Actual Cash Value {Ans: The Loss Settlement Valuation that subtracts an allowance for depreciation is defined as?}45 Days {Ans: Liberalization states, "The insured gets the benefit of any broadened coverage if the company, within __________ days of inception, adopts a form revision that is broader and without increase in premium."}