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CIP C112 - Interactive Quiz - CH01 to CH03.
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CIP C112 - Interactive Quiz - CH01 to CH03.
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CIP C112 - Interactive Quiz - CH01 to CH03Who holds the final authority on any decisions on a file? - CORRECT ANSWER--
the examiner
True or False? The underwriting department may ask the claim department to
report on certain risk control situations should the loss adjuster encounter them. -
CORRECT ANSWER-True
True or False? Controlling the error rate in accumulating information is essential.
- CORRECT ANSWER-True
True or False? The claims file should include copies of all correspondence
pertaining to the claim. - CORRECT ANSWER-True
The claims manager's role must understand what 4 things? - CORRECT
ANSWER-- company's growth strategy
- departmental budgets
- crises for policyholders
- equilibrium of the day-to-day processes
What characterize the quality of work produced? - CORRECT
ANSWER-Outcomes
Regional offices with varying degrees of autonomy are? - CORRECT
ANSWER-Decentralized
What type of expenses are not allocated to individual files? - CORRECT
ANSWER-Unallocated expenses
Elements of both claims systems are? - CORRECT ANSWER-Hybrid
The root needs of the organization are? - CORRECT ANSWER-Zero base
budgeting
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