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In relation to this, property & Casualty (Total = 650 Questions) Property Casualty Practice Test (updated 2025). Some states require a licensing course before qualifying to take the exam. Even after obtaining a license, all states require a continuation of education to fully prepare each agent as they enter the field.
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Once a loss payment has been made, the insurer's right to sell the damaged property is one method used to offset some of the insurer's claims costs. What is this right called?
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