AIC 300 Part 1 Study Guide with Complete Solutions
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Course
Aic 300
Institution
Aic 300
AIC 300 Part 1 Study Guide with
Complete Solutions
A role defined by being an employee or an insurer and having a primary focus on
handling claims - Answer️️ -Staff claims representative
Employees used when specialized skills are needed and when staff claim
representatives are too busy to ...
Employees used when specialized skills are needed and when staff claim
representatives are too busy to handle all claims themselves. - Answer✔️✔️-Independent
adjusters
Contractors who handle claims, keep claim records, and perform statistical analyses
and are often associated with large independent adjusting firms or with subsidiaries of
insurers. - Answer✔️✔️-Third party administrator (TPA)
Agents, brokers, sales representatives, and intermediaries who place insurance with
insurers. - Answer✔️✔️-Producer
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. - Answer✔️✔️-Public
adjuster
Representatives who evaluate new submissions and perform renewal underwriting,
usually by working directly with insurance producers and applicants - Answer✔️✔️-Line
underwriters
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