Arkansas Insurance Adjuster Practice Exam

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The DP-3 is known as the:

  1. Amended Form

  2. Special Form

  3. Basic Form

  4. Broad Form

The correct answer is: Special Form

The DP-3 is also known as the Special Form because it provides the broadest coverage for homeowners. The other options are incorrect because A: Amended Form is not a commonly used term for homeowner's insurance policies. C: Basic Form typically only covers specific perils, such as fire and theft. D: Broad Form typically offers less coverage than the Special Form.

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