AIC 302 SIMULATED EXAM QUESTIONS AND ANSWERS 100% PASS
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Course
AIC
Institution
AIC
AIC 302 SIMULATED EXAM QUESTIONS
AND ANSWERS 100% PASS
Conor is handling an auto claim involving the death of a minor child in a state that
recognizes the intrinsic value of children. Conor's proposed settlement amount will
include - Correct Answer ️️ -A calculated value of the child's futu...
AIC 302 SIMULATED EXAM QUESTIONS AND ANSWERS 100% PASS Conor is handling an auto claim involving the death of a minor child in a state that recognizes the intrinsic value of children. Conor's proposed settlement amount will include - Correct Answer ✔️✔️-A calculated value of the child's future services to the parents. A calculated value of the child's future services to the parents. Intrinsic value of children is the assumption that parents invest in children knowing that they will provide for them when they are older Cristobal has several methods available to him as he evaluates the settlement range for his claim: individual case method, roundtable technique, formula method, and expert system. Which method should Cristobal use if he is dealing with a minor soft tissue claim and wants a simple approach to achieve an early, mutually agreeable settlement? - Correct Answer ✔️✔️-Formula method involves a mathematical formula set by actuaries to set reserves. Anna injured her back in a not -at-fault auto accident and has a bod ily injury claim with the other driver's insurance company. Later, she fell and her back injury was aggravated. Her claims representative for the first accident told her that the aggravation of her back injury - Correct Answer ✔️✔️-Was covered because it w as an unavoidable consequence of the back injury. An intervening problem is covered if it is an unavoidable consequence of the first injury. Some personal auto policies provide that someone could reasonably expect to be allowed to use an insured's vehicle even if they did not ask specifically, such as a relative visiting from out of town. This is called - Correct Answer ✔️✔️-Implied permission. Some policies provide for implied permission for the use of an insured's auto. In determining coverage for emotion al injury, a claims rep must understand applicable policy language. Which one of the following is correct? - Correct Answer ✔️✔️-The term "harm" is potentially broader than the term "injury" in determining coverage for emotional injury. Mehmet was seriousl y injured in an automobile collision and died after a stay in the hospital. His family is bringing a survival action claim for medical expenses, pain and suffering, loss of earnings, and automobile repairs. Which one of the following claims will be allowed only if the family can demonstrate that Mehmet was conscious after the accident but before dying? - Correct Answer ✔️✔️-Pain and suffering can only be claimed if the decedent was conscious of the pain and suffering before dying. Claims reps can isolate sp ecific coverage issues that should be investigated to determine whether exclusions apply by using a series of yes -or-no questions in the form of a - Correct Answer ✔️✔️-Decision tree. Claims reps can isolate specific coverage issues that should be investig ated to determine whether exclusions apply by using a series of yes -or-no questions in the form of a decision tree.
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