100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
AIC 300 - Simulated Exam Questions and Answers | 100% Pass $9.99   Add to cart

Exam (elaborations)

AIC 300 - Simulated Exam Questions and Answers | 100% Pass

 7 views  0 purchase
  • Course
  • Aic 300
  • Institution
  • Aic 300

AIC 300 - Simulated Exam Questions and Answers | 100% Pass 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 - Answer️️ -Handle cl...

[Show more]

Preview 2 out of 10  pages

  • September 1, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Aic 300
  • Aic 300
avatar-seller
SophiaBennett
©SOPHIABENNETT
2024/2025 ACADEMIC YEAR EXAM SERIES




©SOPHIABENNETT 9/1/24 EXAM_SOLUTIONS

, AIC 300 - Simulated Exam Questions
and Answers | 100% Pass


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 - Answer✔️✔️-Handle claims in good faith.


Maja handled a large liability claim that settled above the policy limits. The insured is

now charging the claim was handled in bad faith. During their investigation of the bad-

faith claim, Maja and defense counsel discovered that the claimant had received the

payment from the insurer, but not the amount above the policy limits that was to come

from the insured's assets. Which one of the following defenses would Maja's defense

most likely invoke? - Answer✔️✔️-Insured's collusion with the claimant.

Bettina's apartment is burglarized and several items are stolen. In filing her claim, she

tells her insurer that her stolen television was both newer and larger than it actually was.

This constitutes which one of the following types of fraud? - Answer✔️✔️-Soft Fraud.

In liability claims, the claims rep will require an authorization from the injured party to -

Answer✔️✔️-Obtain medical records.

Antonia has a general liability policy with a self-insured retention of $50,000. The policy

has an occurrence limit of $250,000 and an aggregate limit of $500,000. She had

submitted one prior claim this policy term for which $100,000 was paid by the insurer.




Page 1 of 9

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller SophiaBennett. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

81531 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.99
  • (0)
  Add to cart