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AIC 300 Q&A Bundle
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AIC 300 - Simulated Exam Questions and Correct Answers
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Insurers and claim representatives must keep the promises specified in insurance policies, as well as those created by the law. In insurance transactions, the insured pays a premium for the insurer's promise to Handle claims in good faith. Maja handled a large liability claim that settled above th...
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Add to cartInsurers and claim representatives must keep the promises specified in insurance policies, as well as those created by the law. In insurance transactions, the insured pays a premium for the insurer's promise to Handle claims in good faith. Maja handled a large liability claim that settled above th...
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AIC 300 - Claims in an Evolving World Review Questions and Correct Answers
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Indemnify To restore a party who has sustained a loss to the same financial position that party held before the loss occurred Claims Representative A person responsible for investigating, evaluating, and settling claims Third-party Adminstrator An organization that provides administrative services...
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Add to cartIndemnify To restore a party who has sustained a loss to the same financial position that party held before the loss occurred Claims Representative A person responsible for investigating, evaluating, and settling claims Third-party Adminstrator An organization that provides administrative services...
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AIC 300 Part 1 Study Questions and Correct Answers
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Staff claims representative A role defined by being an employee or an insurer and having a primary focus on handling claims Independent adjusters Employees used when specialized skills are needed and when staff claim representatives are too busy to handle all claims themselves. Third party adminis...
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Add to cartStaff claims representative A role defined by being an employee or an insurer and having a primary focus on handling claims Independent adjusters Employees used when specialized skills are needed and when staff claim representatives are too busy to handle all claims themselves. Third party adminis...
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