Exam (elaborations)
AIC 300 - CLAIMS IN AN EVOLVING WORLD QUESTIONS AND CORRECT ANSWERS | LATEST UPDATE
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.
-:- B. By certified mail with a return receipt requested.
Some will also send a copy vi...
[Show more]
Preview 4 out of 75 pages
Uploaded on
September 17, 2024
Number of pages
75
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers
Institution
AIC
Course
AIC
$13.49
Also available in package deal from $184.69
100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached
Also available in package deal (1)
$ 459.24
$ 184.69
36 items
1. Exam (elaborations) - Aic final exam | questions & answers (verified) | latest update | graded a+
2. Exam (elaborations) - Aic 301 quiz/test study exam | questions & answers (verified) | latest update | gra...
3. Exam (elaborations) - Aic exam practice exam | questions & answers (verified) | latest update | graded a+...
4. Exam (elaborations) - Aic exam | questions & answers (verified) | latest update | graded a+
5. Exam (elaborations) - Aic exam study guide | questions & answers (verified) | latest update | graded a+
6. Exam (elaborations) - Aic exam #2 | questions & answers (verified) | latest update | graded a+
7. Exam (elaborations) - Aic exam prep exam | questions & answers (verified) | latest update | graded a+
8. Exam (elaborations) - Aic study guide exam | questions & answers (verified) | latest update | graded a+
9. Exam (elaborations) - Aic final test exam | questions & answers (verified) | latest update | graded a+
10. Exam (elaborations) - Aic exam chapter 1 | questions & answers (verified) | latest update | graded a+
11. Exam (elaborations) - Aic ac exam - engineering concepts exam | questions & answers (verified) | latest up...
12. Exam (elaborations) - Aic 300 - claims in an evolving world exam | questions & answers (verified) | lates...
13. Exam (elaborations) - Aic mock exam | questions & answers (verified) | latest update | graded a+
14. Exam (elaborations) - Aic 300 - claims in an evolving world exam | questions & answers (verified) | lates...
15. Exam (elaborations) - Aic exam | questions & answers (verified) | latest update | graded a+
16. Exam (elaborations) - Aic prep uh exam | questions & answers (verified) | latest update | graded a+
17. Exam (elaborations) - Aic 302 simulated exam | questions & answers (verified) | latest update | graded a+
18. Exam (elaborations) - Aic 30 exam | questions & answers (verified) | latest update | graded a+
19. Exam (elaborations) - Aic exam study guide exam | questions & answers (verified) | latest update | graded...
20. Exam (elaborations) - Aic exam | questions & answers (verified) | latest update | graded a+
21. Exam (elaborations) - Aic exam 4 | questions & answers (verified) | latest update | graded a+
22. Exam (elaborations) - American institute of cooperatives (aic) ky ffa cde exam | questions & answers (ver...
23. Exam (elaborations) - Chapter 4 -aic exam | questions & answers (verified) | latest update | graded a+
24. Exam (elaborations) - Chapter 8 -aic exam | questions & answers (verified) | latest update | graded a+
25. Exam (elaborations) - Practice test aic study guide exam | questions & answers (verified) | latest update...
26. Exam (elaborations) - Fall 2021 capstone aic exam | questions & answers (verified) | latest update | grad...
27. Exam (elaborations) - Practice test aic study guide exam | questions & answers (verified) | latest update...
28. Exam (elaborations) - Aic 41 assignment 4 questions and answers
29. Exam (elaborations) - Aic 30 segment a assignment 2 the claim handling process questions and answers
30. Exam (elaborations) - Aic 32 liability claims practices questions and answers
31. Exam (elaborations) - Aic 300 - claims in an evolving world questions & 100% correct answers- latest test ...
32. Exam (elaborations) - Aic exam questions and correct answers | latest update
33. Exam (elaborations) - Aic 30 questions and correct answers | latest update
34. Exam (elaborations) - Aic 31 questions and correct answers | latest update
35. Exam (elaborations) - Aic 32 liability claims practices questions and correct answers | latest update
36. Exam (elaborations) - Aic 300 - claims in an evolving world questions and correct answers | latest update
Show more
2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!
AIC 300 - CLAIMS IN AN EVOLVING
WORLD QUESTIONS AND CORRECT
ANSWERS | LATEST UPDATE
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.
✓ -:- 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.
As methods of communication evolve, it's important for claims professionals to remember
that any written claims communication may be
Select one:
A. Replaced with verbal communication.
1|P a g e | G r a d e A + | 2 0 2 0 2 5
,2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!
B. Misinterpreted.
C. Edited later.
D. Subpoenaed.
✓ -:- D. Subpoenaed.
Any written claims communication may be subpoenaed.
In which one of the following scenarios is a public adjuster most likely to become involved?
Select one:
A. An insurer finds it financially unfeasible to hire its own claims staff in a given state.
B. An insured is unable to afford legal representation to contest a claim.
C. A catastrophic disaster strikes, involving damage to many properties.
D. An insured's negotiations with the insurer on a complex claim are not going well.
✓ -:- D. An insured's negotiations with the insurer on a complex claim
are not going well.
2|P a g e | G r a d e A + | 2 0 2 0 2 5
,2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!
If a claim is complex, or if settlement negotiations are not progressing with the insurer, the
insured may hire a public adjuster to protect his or her interests.
Which one of the following statements regarding third-party administrators (TPAs) is most
accurate?
Select one:
A. TPAs are typically used by businesses that have chosen not to self-insure.
B. TPAs handle claims, keep claims records, and perform statistical analyses.
C. TPAs are generally found in an insurer's claims department.
D. TPAs are employed only by independent adjusting firms.
✓ -:- B. TPAs handle claims, keep claims records, and perform statistical
analyses.
Hugo is conducting an audit of a branch office claims operation. He is evaluating timeliness
of reports, number of files opened, proper releases taken, and accuracy of data entry.
Which one of Hugo's metrics is a qualitative audit factor?
Select one:
A. Proper releases taken
3|P a g e | G r a d e A + | 2 0 2 0 2 5
, 2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!
B. Timeliness of reports
C. Number of files opened
D. Accuracy of data entry
✓ -:- 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.
✓ -:- D. Line underwriter.
4|P a g e | G r a d e A + | 2 0 2 0 2 5