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General guidelines of the proposal state that underwriting data should be reported for all of the 41,000-plus U.S. ZIP codes in which an insurer writes business.
The Supreme Court of Arizona recently answered two questions certified by the U.S. District Court for the District of Arizona that both concerned how an insurer may or may not use depreciation in calculating the actual cash value (ACV) of damaged property.
Massachusetts law states "the unambiguous terms of an insurance policy must be strictly enforced and an insured's failure to comply with the notice provision of a claims made policy bars coverage."
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