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AIC 300 Exam Questions with 100% Correct Answers | Verified | Latest Update
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AIC 300 Exam Questions with 100% Correct Answers | Verified | Latest Update
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AIC 300 Exam Questions with 100%Correct Answers | Verified | Latest
Update
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iaffidavits,iandiconductsiexaminationsiunderioathiandirecordedistateme
nts.iWhichioneiofiJoshua'siswornistatementsiisiadministeredibyitheiinsu
rer'siattorneyiatitheiofficeiofitheiinsurer,iattorney,ioricourtireporter?i
A.iAffadivit
B.iRecordedistatement
C.iProofiofiloss
D.iExaminationiunderioathi-iCorrectiAnswer-D.iExaminationiunderioath
Examinationiunderioathiisiadministeredibyitheiattorneyiforitheiinsureria
fterinoticeiisiissueditoiappeariatitheiofficeiofitheiinsurer,iattorney,ioricou
rtireporter.
Whichioneiofitheifollowingicanibeiappliedioveritimeitoirefineiaimodelitoi
betteripredictiresults?
A.iRegression
B.iAssociationiruleilearning
C.iMachineilearning
D.iStatisticsi-iCorrectiAnswer-C.iMachineilearning
,Machineilearningicanibeiappliedioveritimeitoirefineiaimodelitoibetteripr
edictiresults.
Conoriisiaiclaimsirepresentativeiwhoseisupervisoriisireviewingihisiclaimi
statusinotes.iTheisupervisoritookiexceptioniwithioneiofiConor'sinotes,iw
hichiread,i"Theiclaimantiisiobviouslyilyingibecauseihisiaccountiofihowith
eiaccidentihappenedikeepsichanging."iTheisupervisorishouldiadviseiCon
orithatithisistatementiisiinappropriateibecauseiitiisinot:
A.iObjective
B.iConcise
C.iAccurate
D.iCleari-iCorrectiAnswer-A.iObjective
Claimistatusinotesishouldicontainiobjectiveicommentsiaboutitheiparties
,iandithisistatementiisisubjective.
Leilaiisiconductingiaiclaimsiinvestigationiandiisitakingiairecordedistatem
entifromitheiclaimant.iSheiwantsiaisimpleiyes-or-
noiansweritoipreventitheiintervieweeifromiexplainingitheianswerifurthe
r.iSheiasks,i"Youiexperiencedibackipainiimmediatelyiwheniyouiliftedithei
box,ididn'tiyou?"iLeilaihasiaskedia(n)
A.iDirectiQuestion
B.iLeadingiQuestion
C.iOpen-EndediQuestion
D.iIndirectiQuestioni-iCorrectiAnswer-B.iLeadingiQuestion
, TheiNAICimodeliactispecifiesithatiitsiprovisionsiregardingibad-
faithiclaimsiareitoibeienforcediby
A.iNAICipersonnel.
B.iInsureripersonnel,ionitheihonorisystem.
C.iStateiinsuranceidepartments.
D.iTheiFederaliTradeiCommission.i-iCorrectiAnswer-
C.iStateiinsuranceidepartments.
TheiNAICimodeliactispecifiesithatiitsiprovisionsiregardingibad-
faithiclaimsiareitoibeienforcedibyistateiinsuranceidepartments.
Idaiwasinamediiniaibad-
faithilawsuitiasitheiclaimsirepresentativeiwhoihandleditheifile.iTheicourt
idismisseditheisuit,ihowever,ibecauseitheistatuteiofilimitationsihadiexpir
ed.iThisimeansithat
A.iSheiwasiimmuneitoiprosecutioniasianiemployee.
B.iTheilimitsiofitheipolicyihadibeeniexceeded.
C.iThereiwasinoibasisitoipierceitheicorporateiveil.
D.iTooimuchitimeihadiexpirediafteritheiclaimiconcluded.i-
iCorrectiAnswer-
D.iTooimuchitimeihadiexpirediafteritheiclaimiconcluded.
Aistatuteiofilimitationsiisiailawithatistipulatesitheilengthiofitimeiafteriani
eventiduringiwhichilegaliproceedingsimayibeiinitiated.
Thomasiisianiattorneyiwhoiisidefendingianiinsureriiniailitigatedicase.iHei
hasilocatedidocumentsithatishowitheiinsurediwasiawareiofitheiissueitha
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