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AIC 300 CLAIMS IN AN EVOLVING WORLD EXAM /NEWEST VERSION 2024 WITH COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS/ FROM A VERIFIED SOURCE ALREADY GRADED A+ 100% GUARANTEED TO PASS CONCEPTS$17.99
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AIC 300 CLAIMS IN AN EVOLVING WORLD EXAM /NEWEST VERSION 2024 WITH COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS/ FROM A VERIFIED SOURCE ALREADY GRADED A+ 100% GUARANTEED TO PASS CONCEPTS
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Course
AIC 300 CLAIMS IN AN EVOLVING WORLD
Institution
AIC 300 CLAIMS IN AN EVOLVING WORLD
AIC 300 CLAIMS IN AN EVOLVING WORLD EXAM
/NEWEST VERSION 2024 WITH COMPLETE
QUESTIONS AND CORRECT DETAILED
ANSWERS/ FROM A VERIFIED SOURCE
ALREADY GRADED A+ 100% GUARANTEED TO
PASS CONCEPTS
Some will also send a copy via regular mail in case the certified letter is not accepted. - ANSWER-
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.
,D. Subpoenaed.
Any written claims communication may be subpoenaed. - ANSWER-As methods of communication
evolve, it's important for claims professionals to remember that any written claims communication may be
Select one:
A. Replaced with verbal communication.
B. Misinterpreted.
C. Edited later.
D. Subpoenaed.
D. An insured's negotiations with the insurer on a complex claim are not going well.
If a claim is complex, or if settlement negotiations are not progressing with the insurer, the insured may
hire a public adjuster to protect his or her interests. - ANSWER-In which one of the following scenarios is
a public adjuster most likely to become involved?
Select one:
A. An insurer finds it financially unfeasible to hire its own claims staff in a given state.
B. An insured is unable to afford legal representation to contest a claim.
C. A catastrophic disaster strikes, involving damage to many properties.
D. An insured's negotiations with the insurer on a complex claim are not going well.
B. TPAs handle claims, keep claims records, and perform statistical analyses. - ANSWER-Which one of
the following statements regarding third-party administrators (TPAs) is most accurate?
,Select one:
A. TPAs are typically used by businesses that have chosen not to self-insure.
B. TPAs handle claims, keep claims records, and perform statistical analyses.
C. TPAs are generally found in an insurer's claims department.
D. TPAs are employed only by independent adjusting firms.
A. Proper releases taken
Proper releases taken is a qualitative audit factor; the others are quantitative. - ANSWER-Hugo is
conducting an audit of a branch office claims operation. He is evaluating timeliness of reports, number of
files opened, proper releases taken, and accuracy of data entry. Which one of Hugo's metrics is a
qualitative audit factor?
Select one:
A. Proper releases taken
B. Timeliness of reports
C. Number of files opened
D. Accuracy of data entry
D. Line underwriter.
Line underwriter. This describes the duties of a line underwriter, rather than a staff underwriter. There is
not enough information to determine which line of business is being written. A public underwriter does not
exist. Line underwriters evaluate new submissions and perform renewal underwriting, usually by working
, directly with insurance producers and applicants. Staff underwriters, meanwhile, manage risk selection by
working with line underwriters and coordinating decisions about products, pricing and guidelines. -
ANSWER-Aaron works for a multi-line insurer. He works with insurance producers and applicants to
evaluate new business submissions and conduct renewal underwriting. Aaron is a
Select one:
A. Staff underwriter.
B. Public underwriter.
C. Personal lines underwriter.
D. Line underwriter.
D. Listening.
Claims professionals should first listen carefully to understand what the claimant is saying. - ANSWER-
The first key to communicating empathetically as a claims professional is
Select one:
A. A comprehensive understanding of relevant insurance policies.
B. Speaking calmly and clearly.
C. Being prepared with all documentation relating to the claim.
D. Listening.
C. Cost to investigate, defend, and settle claims.
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