MI Public Adjuster Practice Questions - Michigan Public Adjuster Exam

What is a 'condition precedent' in an insurance policy?

A prior claim on the same property A requirement that must be met before the insured's right to recover under the policy becomes effective, such as timely notice or submission of proof of loss A condition of the property before the loss A previous insurance policy

Correct Answer:

A requirement that must be met before the insured's right to recover under the policy becomes effective, such as timely notice or submission of proof of loss

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