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AIC 300 CLAIMS IN AN EVOLVING WORLD EXAM, PRACTICE EXAM AND STUDY GUIDE NEWEST 2024 ACTUAL EXAM 100 QUESTIONS AND CORRECT DETAILED ANSWERS $22.99
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AIC 300 CLAIMS IN AN EVOLVING WORLD EXAM, PRACTICE EXAM AND STUDY GUIDE NEWEST 2024 ACTUAL EXAM 100 QUESTIONS AND CORRECT DETAILED ANSWERS

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AIC 300 CLAIMS IN AN EVOLVING WORLD EXAM, PRACTICE EXAM AND STUDY GUIDE NEWEST 2024 ACTUAL EXAM 100 QUESTIONS AND CORRECT DETAILED ANSWERS

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Document information

  • July 27, 2024
  • 72
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • aic 300
  • aic 300 claims in an evolving world exam practice
  • aic 300 claims in an evolving world

Written for

  • Aic 300
  • Aic 300

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By: ProLabs • 6 months ago

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AIC 300 CLAIMS
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IN AN
104
EVOLVING WORLD EXAM,
PRACTICE EXAM AND STUDY GUIDE NEWEST 2024
ACTUAL
Next steps EXAM 100 QUESTIONS AND CORRECT
DETAILED ANSWERS
104 missed terms

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1 of 104

Term


In her investigations into fraudulent claims, Laura uses information
about the driver's history and driving habits to determine factors such
as speed, acceleration, and location. Laura is using
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, Internet of Things. Blockchain.




Predictive models. Telematics.


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2 of 104

Term


Mia tracks loss adjustment expense (LAE) as part of her management
of the claims department for an insurer. Mia considers LAE to be the
Select one:



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Total amount of loss reserves of all
Paid portion of claims.
claims.




Cost to investigate, defend, and
Total incurred amount of claims.
settle claims.


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3 of 104

Term

,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:


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A homeowners liability claim due to a
An automotive collision claim.
slip and fall.




A homeowners claim due to storm
A medical malpractice claim.
damage.


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4 of 104

Term


As methods of communication evolve, it's important for claims
professionals to remember that any written claims communication may
be
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Replaced with verbal communication. Misinterpreted.

, Edited later. Subpoenaed.


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5 of 104

Term


Which one of the following is correct with respect to the elements of
good-faith claim management?
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Consistent supervision,
When resolving a coverage question,
thorough training, and
insurers should avoid the appearance
manageable caseloads help
of bad faith by dealing only with
ensure that claim
those lawyers hired to defend the
representatives are able to
insured.
handle claims in good faith.




If the insured has excess insurance, Claim representatives should avoid
the claim representative should using policy provisions, such as
merely notify the excess insurer of arbitration clauses, to resolve
the claim. disputes over the settlement amount.


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6 of 104

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