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[Show more]AIC 300 Exam study Guide. 
Accuracy - answerIn model performance evaluation, a model's correct predictions divided by 
its total predictions 
Actuary - answerA person who uses mathematical methods to analyze insurance data for 
various purposes, such as to develop insurance rates or set claim reser...
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Add to cartAIC 300 Exam study Guide. 
Accuracy - answerIn model performance evaluation, a model's correct predictions divided by 
its total predictions 
Actuary - answerA person who uses mathematical methods to analyze insurance data for 
various purposes, such as to develop insurance rates or set claim reser...
AIC 300 Exam Questions With Revised 
Answers. 
As a claims representative, Joshua frequently requests proofs of loss and affidavits, and conducts 
examinations under oath and recorded statements. Which one of Joshua's sworn statements is 
administered by the insurer's attorney at the office of the...
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Add to cartAIC 300 Exam Questions With Revised 
Answers. 
As a claims representative, Joshua frequently requests proofs of loss and affidavits, and conducts 
examinations under oath and recorded statements. Which one of Joshua's sworn statements is 
administered by the insurer's attorney at the office of the...
AIC 300 Part 1 Exam Questions With 
Revised Answers. 
A role defined by being an employee or an insurer and having a primary focus on handling 
claims - answerStaff claims representative 
Employees used when specialized skills are needed and when staff claim representatives are too 
busy to handle a...
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Add to cartAIC 300 Part 1 Exam Questions With 
Revised Answers. 
A role defined by being an employee or an insurer and having a primary focus on handling 
claims - answerStaff claims representative 
Employees used when specialized skills are needed and when staff claim representatives are too 
busy to handle a...
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AIC 300 Exam study Guide. 
Indemnify - answerTo restore a party who has sustained a loss to the same financial position 
that party held before the loss occurred 
Third Party Administrator (TPA) - answerAn organization that provides administrative 
services associated with ris...
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Add to cart©THEBRIGHTSTARS 2024 
AIC 300 Exam study Guide. 
Indemnify - answerTo restore a party who has sustained a loss to the same financial position 
that party held before the loss occurred 
Third Party Administrator (TPA) - answerAn organization that provides administrative 
services associated with ris...
AIC 300 - Claims in an Evolving World. 
Exam Questions With Revised Answers. 
Insurers usually send denial letters 
Select one: 
A. By email to ensure prompt receipt by the insured. 
B. By certified mail with a return receipt requested. 
C. By overnight courier. 
D. By registered mail. - answerB. By...
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Add to cartAIC 300 - Claims in an Evolving World. 
Exam Questions With Revised Answers. 
Insurers usually send denial letters 
Select one: 
A. By email to ensure prompt receipt by the insured. 
B. By certified mail with a return receipt requested. 
C. By overnight courier. 
D. By registered mail. - answerB. By...
AIC 300 - Simulated Exam Questions With 
Revised Answers. 
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 - answerHandle claims in go...
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Add to cartAIC 300 - Simulated Exam Questions With 
Revised Answers. 
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 - answerHandle claims in go...
AIC 300 - Claims in an Evolving World. 
Exam Questions With Revised Answers. 
As methods of communication evolve, it's important for claims professionals to remember that 
any written claims communication may be 
a. Replaced with verbal communication 
b. Misinterpreted 
c. Edited later 
d. Subpoena...
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Add to cartAIC 300 - Claims in an Evolving World. 
Exam Questions With Revised Answers. 
As methods of communication evolve, it's important for claims professionals to remember that 
any written claims communication may be 
a. Replaced with verbal communication 
b. Misinterpreted 
c. Edited later 
d. Subpoena...
AIC 300 Exam Study Guide. 
First party insurance - answerinsurer makes payment for covered losses directly to the 
policyholder (first party) 
third-party insurance - answerinsurer makes payments on behalf of the policyholder to a 
claimant (third party) 
third party administrators (TPAs) - answer- ...
Preview 2 out of 9 pages
Add to cartAIC 300 Exam Study Guide. 
First party insurance - answerinsurer makes payment for covered losses directly to the 
policyholder (first party) 
third-party insurance - answerinsurer makes payments on behalf of the policyholder to a 
claimant (third party) 
third party administrators (TPAs) - answer- ...
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