Multi line insurer - Study guides, Class notes & Summaries

B. By certified mail with a return receipt requested. Some will also send a copy via regular mail in case the certified letter is not accepted. - 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. - As methods of communication evolve, it's important for claims professio...

Multi-Line Insurers - CORRECT ANSWER-________-______ Insurers are insurance carriers that offer more than one line of insurance. False - CORRECT ANSWER-True or False? Stock Insurance Companies are "participating" in that the policyholders receive dividends. Attorney-In-Fact - CORRECT ANSWER-Reciprocal Insurers are managed by an ___________________. Association - CORRECT ANSWER-Contrary to popular opinion, Lloyd's of London is not an insurer but rather an ____________. Limits Catastro...

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Although most policies are occurrence forms, covering claims that occur during the policy period, some are claims-made forms. Which one of the following types of loss is most likely to involve a claims-made form? Select one: A. An automotive collision claim. B. A homeowners liability claim due to a slip and fall. C. A homeowners claim due to storm damage. D. A medical malpractice claim. - D. A medical malpractice claim. Claims-made forms are most often used for environmental, medical mal...

Life & Health Insurance Exam 2024 (Arkansas) Questions and Answers 100% Accurate!!Life & Health Insurance Exam 2024 (Arkansas) Questions and Answers 100% Accurate!!Life & Health Insurance Exam 2024 (Arkansas) Questions and Answers 100% Accurate!!Life & Health Insurance Exam 2024 (Arkansas) Questions and Answers 100% Accurate!! Reserves - ANSWER Funds held by the company to fullfull future claims. Funds are set by the state department of insurance. Multi-line Insurer - ANSWER An insurance c...

NC adjuster Exam Questions and Answers Already Passed Inception/Expiration Date The date on which coverage became effective or expired. Policies in North Carolina become effective and expire at 12:01am Occurrence Date The date on which the loss occurred Identification of Parties involve The loss report should include the names and addresses of the parties involved in the loss, the names and addresses of any injured person(s) and the names and addresses of any witness(s) Policy form /Number Id...

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. How much will Antonia's insurer pay on a subsequent claim under the same policy period that is valued at $400,000? Select one: A. $200,000 B. $250,000 C. $400,000 D. $500,000 - B. $250,000 After the SIR limit had been reached, the ...

AIC 300 Claims in an Evolving World Questions and Answers Solved 100%Correct!! 1. 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.: B. By certified mail with a return receipt requested. Some will also send a copy via regular mail in case the certified letter is not accepted. 2. As methods of communication evolve, it's important for c...

XCEL INSURANCE LICENSING EXAM 200 QUESTIONS AND VERIFIED ANSWERS . In a reinsurance agreement, the insurance company that transfers its loss exposure to another insurer is called the primary insurer. An insurer owned by its policyholders is called a A) stock insurer B) reinsurer C) mutual insurer D) multi-line insurer - ANSWERC) Mutual insurer The correct answer is "mutual insurer". A mutual insurer is owned by its policyholders. A participating company is also referred to as wh...

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. - B. By certified mail with a return receipt requested. Some will also send a copy via regular mail in case the certified letter is not accepted. As methods of communication evolve, it's important for claims professionals to remember that any written claims communication may be Sele...