Claims representative - Study guides, Class notes & Summaries

AINS 102 (Latest 2024 / 2025 Update) Understanding Personal Insurance Exam | Questions and Verified Answers | 100% Correct | Grade A Question: For an agent, all of the following are advantages of cross-selling, EXCEPT: Select one: A. Ease of additional growth B. Increased profitability C. Improved customer retention D. Enhanced ability to compete strictly on price Answer: D Question: An insurance policy is an agreement between the insured and the insurer. Insureds purchase i...

IFSE - CIFC - Unit 2 Latest Update Graded A Ethical Conduct Adheres to approved standards CCO (Chief Compliance Officer) Responsible for establishing and maintaining compliance policies and procedures as well as monitoring and assessing compliance. Must submit an annual report to the board of directors detailing the compliance assessment. CRM (Client Relationship Model) - Relationship disclosure - Client communications - Client reporting Relationship Disclosure (NI 31-103) Requires mutual fun...

72 - Answer Within how many hours after the occurrence of death shall the funeral director present the completed certificate of death to the local registrar? 24 - Answer If cremated remains have not been claimed by the agent, the operator of a crematory may dispose of the remains after how many months? Semiannually - Answer Each licensed embalmer who has under his/her supervision a person serving as an apprentice embalmer must file a report of apprenticeship with the secretary of the Board...

Accident Insurance - Answer Covers expenses associated with a covered accident and can extend to ambulance and emergency room expenses, intensive care, and hospital costs. Accident insurance also provides for loss of income, and a death benefit if injuries prove fatal. Accumulated Depreciation - Answer The total decrease in an item's value over a period of time. Formula: (annual depreciation x number of years used). Subtract this number from the item's replacement cost to get its actua...

Mr. Davis is 52 years old and has recently been diagnosed with end-stage renal disease (ESRD) and will soon begin dialysis. He is wondering if he can obtain coverage under Medicare. What should you tell him?correct answersHe may sign-up for Medicare at any time however coverage usually begins on the fourth month after dialysis treatments start. Juan Perez, who is turning age 65 next month, intends to work for several more years at Smallcap, Incorporated. Smallcap has a workforce of15 emplo...

RECA Fundamentals Exam Questions and Answers Already Passed Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) Which of the following will occur to the supply of a good when ther...

Mrs. Gonzalez is enrolled in Original Medicare and has a Medigap policy as well, but it provides no drug coverage. She would like to keep the coverage she has but replace her existing Medigap plan with one that provides drug coverage. What should you tell her? correct answersMrs. Gonzalez cannot purchase a Medigap plan that covers drugs, but she could keep her Medigap policy and enroll in a Part D prescription drug plan. Mrs. Chen will be 65 soon, has been a citizen for twelve years, has bee...

WGU - D265 - Critical Thinking - Reason and Evidence Latest Update (2022/2023) Already Passed PROPOSITIONS Are statements that can be true or false NON-PROPOSITONS Are sentences that are not statements about matters of fact or fiction. They do not make a claim that can be true or false. SIMPLE PROPOSITIONS Have no internal logic structure, meaning whether they are true or false does not depend on whether a part of them is true or false. They are simply true or false on their own. (Example: Har...

claim a demand by a person or business seeking to recover from an insurer for a loss that may be covered by an insurance policy claimant anyone who submits a claim to an insurer first party the insured in an insurance contract third party a person or business who is not a party to the insurance contract bu who asserts a claim against the insured claim representative (or adjuster) a person responsible for verifying coverage, determining the cause of loss, determining the amount of damages ...

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...