AIC 300 - Claims in an Evolving World Exam Study Guide Solutions
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Course
AIC 300
Institution
AIC 300
AIC 300 - Claims in an Evolving World
Exam Study Guide Solutions
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. - ANSWER-B. By certifie...
D. Accuracy of data entry - ANSWER✔✔-A. Proper releases taken
Proper releases taken is a qualitative audit factor; the others are quantitative.
Aaron works for a multi-line insurer. He works with insurance producers and applicants to evaluate new
business submissions and conduct renewal underwriting. Aaron is a
Select one:
A. Staff underwriter.
B. Public underwriter.
C. Personal lines underwriter.
D. Line underwriter. - ANSWER✔✔-D. Line underwriter.
Line underwriter. This describes the duties of a line underwriter, rather than a staff underwriter. There is
not enough information to determine which line of business is being written. A public underwriter does
not exist. Line underwriters evaluate new submissions and perform renewal underwriting, usually by
working directly with insurance producers and applicants. Staff underwriters, meanwhile, manage risk
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