AIC 300 - Claims in an Evolving World Exam Questions and Answers | 100% Pass
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Course
Aic 300
Institution
Aic 300
AIC 300 - Claims in an Evolving World
Exam Questions and Answers | 100%
Pass
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. Subpoe...
,AIC 300 - Claims in an Evolving World
Exam Questions and Answers | 100%
Pass
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 - Answer✔️✔️-d. Subpoenaed
Soft fraud occurs when a claim is exaggerated and is also referred to as
a. Opportunity fraud
b. Financial fraud
c. Reimbursement fraud
d. Victimless fraud - Answer✔️✔️-a. Opportunity fraud
In which one of the following scenarios is the right of subrogation most likely to be
employed by the insurer?
a. An insured files a homeowners claim for stolen jewelry. An investigation reveals that
the jewelry is still in the insured's possession.
Page 1 of 19
, b. A claims rep discovers that their insured's car accident was caused by a road
contractor who left equipment lying in the travel lanes of a highway.
c. An investigation reveals that an insured set her own business on fire.
d. An insured files a claim for collision damage from a hit and run accident, when in fact
he backed into a utility pole. - Answer✔️✔️-b. A claims rep discovers that their insured's
car accident was caused by a road contractor who left equipment lying in the travel
lanes of a highway.
In which one of the following scenarios is a public adjuster most likely to become
involved?
a. A catastrophic disaster strikes, involving damage to many properties.
b. An insurer finds it financially unfeasible to hire its own claims staff in a given state.
c. An insured is unable to afford legal representation to contest a claim.
d. An insured's negotiations with the insurer on a complex claim are not going well. -
Answer✔️✔️-d. An insured's negotiations with the insurer on a complex claim are not
going well.
Carla is investigating a claim for a stolen car. The insured provided a copy of the police
report, but she notices that the account in the police report differs from the insured's
version of events. At this point, Carla should
a. Refer the case to the SIU.
b. Deny the claim.
c. Contact the police.
Page 2 of 19
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