Aic 300 ex - Study guides, Class notes & Summaries

Indemnify - ANSWER-To restore a party who has sustained a loss to the same financial position that party held before the loss occurred Third Party Administrator (TPA) - ANSWER-An organization that provides administrative services associated with risk financing and insurance. Claims representative - ANSWER-A person responsible for investigating, evaluating, and settling claims. Producer - ANSWER-Any of several kinds of insurance personnel who place insurance and surety business with insurer...

first party insurance - ANSWER-insurer makes payment for covered losses directly to the policyholder (first party) third-party insurance - ANSWER-insurer makes payments on behalf of the policyholder to a claimant (third party) third party administrators (TPAs) - ANSWER-- an organization that provides administrative services associated with risk financing and insurance (claims, records, analysis, etc) - self insured businesses can handle their own claims or hire a TPA - P&C insurers have s...

AIC 300 WITH 100% CORRECT QUESTIONS AND ANSWERS first party insurance - CORRECT ANSWER-insurer makes payment for covered losses directly to the policyholder (first party) third-party insurance - CORRECT ANSWER-insurer makes payments on behalf of the policyholder to a claimant (third party) third party administrators (TPAs) - CORRECT ANSWER-- an organization that provides administrative services associated with risk financing and insurance (claims, records, analysis, etc) - self...

USPS Mission - Provide, trusted, affordable, universal 24-Hour Clock - Improve effectiveness through standardization & innovation. End-to-end process to ensure mail is Collected, distributed, and delivered. USPS runs on this. Delivery Methods - Planes, trucks, cars, boats, bicycles, snow mobiles, mules. APC - Automated Postal Centers Automated Postal Centers - Self-serve kiosks, commercial retail outlets, banks, ATMs. Mail Arrival Profile - Determines operational startup & staffing. CET - Criti...

where to find federal laws - Correct answer-United States Code where to find federal regulations - Correct answer-Code of Federal Regulations (CFR) where to find Indiana Code - Correct answer-Indiana Code Indiana Administrative Code (AIC) adulteration - Correct answer-making unpure poorer in quality -dropping tablets on the floor -not meeting cGMP -container made of poisonous substance -strength doesnt match -has been mixed to reduce strength -unsafe dye added misbranding - Correct an...

Endocrine Advanced Practise.A 38 year-old male patient, thought to be in good health, presents to a primary care clinic. On routine exam the patient's fasting blood sugar is 242 mg/dl. A repeat value after eating is 288 mg/dL. Which of the following is least helpful in the initial evaluation of this patient? - answerNon-fasting lipids riglycerides are especially sensitive to non-fasting states and will give an abnormally elevated value if performed in a non-fasting patient. Since triglycerid...

As a claims representative, Joshua frequently requests proofs of loss and affidavits, and conducts examinations under oath and recorded statements. Which one of Joshua's sworn statements is administered by the insurer's attorney at the office of the insurer, attorney, or court reporter? A. Affadivit B. Recorded statement C. Proof of loss D. Examination under oath - ANSWER-D. Examination under oath Examination under oath is administered by the attorney for the insurer after notice is iss...

AIC 300 Exam Claims In An Evolving World Best Studying Material With All Questions From Actual Past Exam And 100% Correct Answers

A role defined by being an employee or an insurer and having a primary focus on handling claims - ANSWER-Staff claims representative Employees used when specialized skills are needed and when staff claim representatives are too busy to handle all claims themselves. - ANSWER-Independent adjusters Contractors who handle claims, keep claim records, and perform statistical analyses and are often associated with large independent adjusting firms or with subsidiaries of insurers. - ANSWER-Third p...