AIC 300 - Claims in an Evolving World Exam Questions and Answers | 100% Pass
13 views 0 purchase
Course
Aic 300
Institution
Aic 300
AIC 300 - Claims in an Evolving World
Exam Questions and Answers | 100%
Pass
As methods of communication evolve, it's important for claims professionals to
remember that any written claims communication may be
a. Replaced with verbal communication
b. Misinterpreted
c. Edited later
d. Subpoe...
,AIC 300 - Claims in an Evolving World
Exam Questions and Answers | 100%
Pass
As methods of communication evolve, it's important for claims professionals to
remember that any written claims communication may be
a. Replaced with verbal communication
b. Misinterpreted
c. Edited later
d. Subpoenaed - Answer✔️✔️-d. Subpoenaed
Soft fraud occurs when a claim is exaggerated and is also referred to as
a. Opportunity fraud
b. Financial fraud
c. Reimbursement fraud
d. Victimless fraud - Answer✔️✔️-a. Opportunity fraud
In which one of the following scenarios is the right of subrogation most likely to be
employed by the insurer?
a. An insured files a homeowners claim for stolen jewelry. An investigation reveals that
the jewelry is still in the insured's possession.
Page 1 of 19
, b. A claims rep discovers that their insured's car accident was caused by a road
contractor who left equipment lying in the travel lanes of a highway.
c. An investigation reveals that an insured set her own business on fire.
d. An insured files a claim for collision damage from a hit and run accident, when in fact
he backed into a utility pole. - Answer✔️✔️-b. A claims rep discovers that their insured's
car accident was caused by a road contractor who left equipment lying in the travel
lanes of a highway.
In which one of the following scenarios is a public adjuster most likely to become
involved?
a. A catastrophic disaster strikes, involving damage to many properties.
b. An insurer finds it financially unfeasible to hire its own claims staff in a given state.
c. An insured is unable to afford legal representation to contest a claim.
d. An insured's negotiations with the insurer on a complex claim are not going well. -
Answer✔️✔️-d. An insured's negotiations with the insurer on a complex claim are not
going well.
Carla is investigating a claim for a stolen car. The insured provided a copy of the police
report, but she notices that the account in the police report differs from the insured's
version of events. At this point, Carla should
a. Refer the case to the SIU.
b. Deny the claim.
c. Contact the police.
Page 2 of 19
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 $11.49. You're not tied to anything after your purchase.
