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[Show more]B. By certified mail with a return receipt requested. 
Some will also send a copy via regular mail in case the certified letter is not accepted. - AnswerInsurers usually send denial letters 
Select one: 
A. By email to ensure prompt receipt by the insured. 
B. By certified mail with a return receipt...
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Add to cartB. By certified mail with a return receipt requested. 
Some will also send a copy via regular mail in case the certified letter is not accepted. - AnswerInsurers usually send denial letters 
Select one: 
A. By email to ensure prompt receipt by the insured. 
B. By certified mail with a return receipt...
Hanna is in IT and works on data analytics projects for an insurer. These projects involve analyzing large 
amounts of data to help underwriting to select risks and price policies. Hanna knows that collaboration 
between data science, IT, underwriting, and actuary is critical to the success of these...
Preview 2 out of 15 pages
Add to cartHanna is in IT and works on data analytics projects for an insurer. These projects involve analyzing large 
amounts of data to help underwriting to select risks and price policies. Hanna knows that collaboration 
between data science, IT, underwriting, and actuary is critical to the success of these...
Which one of the following is correct with respect to the elements of good-faith claim management? - 
Consistent supervision, thorough training, and manageable caseloads help ensure that claim 
representatives are able to handle claims in good faith. 
Ciara is going to college with the goal of worki...
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Add to cartWhich one of the following is correct with respect to the elements of good-faith claim management? - 
Consistent supervision, thorough training, and manageable caseloads help ensure that claim 
representatives are able to handle claims in good faith. 
Ciara is going to college with the goal of worki...
Antonia has a general liability policy with a self-insured retention of $50,000. The policy has an 
occurrence limit of $250,000 and an aggregate limit of $500,000. She had submitted one prior claim this 
policy term for which $100,000 was paid by the insurer. How much will Antonia's insurer pay on...
Preview 4 out of 38 pages
Add to cartAntonia has a general liability policy with a self-insured retention of $50,000. The policy has an 
occurrence limit of $250,000 and an aggregate limit of $500,000. She had submitted one prior claim this 
policy term for which $100,000 was paid by the insurer. How much will Antonia's insurer pay on...
Motion for summary judgment - A pretrial request asking the court to enter a judgment when no 
material facts are in dispute and the moving party is entitled to judgment as a matter of law. 
Comparative negligence - A common-law principle that requires both parties to a loss to share the 
financial ...
Preview 2 out of 7 pages
Add to cartMotion for summary judgment - A pretrial request asking the court to enter a judgment when no 
material facts are in dispute and the moving party is entitled to judgment as a matter of law. 
Comparative negligence - A common-law principle that requires both parties to a loss to share the 
financial ...
Identified by studying an insurer's own performance or the performance of successful insurers - 
Best practices 
A representative often hired by the insured to protect their interests if a claim is complex or if settlement 
negotiations are not progressing with the insurer. - Public adjuster 
_____...
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Add to cartIdentified by studying an insurer's own performance or the performance of successful insurers - 
Best practices 
A representative often hired by the insured to protect their interests if a claim is complex or if settlement 
negotiations are not progressing with the insurer. - Public adjuster 
_____...
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 
A. Handle claims in good faith. 
B. Comply with federal insurance laws. 
C. Compete f...
Preview 3 out of 16 pages
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 
A. Handle claims in good faith. 
B. Comply with federal insurance laws. 
C. Compete f...
Federal Rules of Civil Procedure - A set of rules established to ensure that civil actions and 
procedures move through the United States district courts as quickly as possible 
Expert System method - A method of setting reserves with a software application that estimates 
losses and loss adjustment...
Preview 3 out of 28 pages
Add to cartFederal Rules of Civil Procedure - A set of rules established to ensure that civil actions and 
procedures move through the United States district courts as quickly as possible 
Expert System method - A method of setting reserves with a software application that estimates 
losses and loss adjustment...
classification tree parts - root node: first node in a classification tree 
leaf nodes: terminal node that is used to classify an instance 
recursively: successfully applying a model 
training data: used to train a predictive model, has known values 
holdout data: existing data not used for training...
Preview 2 out of 10 pages
Add to cartclassification tree parts - root node: first node in a classification tree 
leaf nodes: terminal node that is used to classify an instance 
recursively: successfully applying a model 
training data: used to train a predictive model, has known values 
holdout data: existing data not used for training...
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