Package deal for AIC 300 Exam With Correct Answers

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. A...

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 Ans...

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 - Correct Answer Handle claims in good faith. Maja handled a large liability clai...

Attorney Grace is representing an insurer in a case and is preparing a pretrial motion. Her argument is that the court has no jurisdiction for the cause of action brought by the claimant. Grace is preparing a - Correct Answer Motion to dismiss Daniel is a claims supervisor. One of his responsib...

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. - Correct Answer Insurers usually send denial letters Select one: A. By email to ensure prompt receipt by the insured. B. By certified mail with a r...

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 - Correct Answer d. Subpoenaed Soft fraud occurs when a claim is ex...

Staff claims representative - Correct Answer A role defined by being an employee or an insurer and having a primary focus on handling claims Independent adjusters - Correct Answer Employees used when specialized skills are needed and when staff claim representatives are too busy to handle all...