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...
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
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 $9.99. You're not tied to anything after your purchase.
