Ains 21 segment b - Study guides, Class notes & Summaries

AINS 21 Segment B (Chapters 4-6) Rated A+ claim a demand by a person or business seeking to recover from an insurer for a loss that may be covered by an insurance policy claimant anyone who submits a claim to an insurer first party the insured in an insurance contract third party a person or business who is not a party to the insurance contract bu who asserts a claim against the insured claim representative (or adjuster) a person responsible for verifying coverage, determinin...

claim a demand by a person or business seeking to recover from an insurer for a loss that may be covered by an insurance policy claimant anyone who submits a claim to an insurer first party the insured in an insurance contract third party a person or business who is not a party to the insurance contract bu who asserts a claim against the insured claim representative (or adjuster) a person responsible for verifying coverage, determining the cause of loss, determining the amount of damages ...

AINS 21 Segment B (Chapters 4-6)| 114 Actual Questions and Answers 100% Correct | Updated 2024

AINS 21 Segment B (Chapters 4-6) Questions and Answers 100% Correct

claim - a demand by a person or business seeking to recover from an insurer for a loss that may be covered by an insurance policy claimant - anyone who submits a claim to an insurer first party - the insured in an insurance contract third party - a person or business who is not a party to the insurance contract bu who asserts a claim against the insured claim representative (or adjuster) - a person responsible for verifying coverage, determining the cause of loss, determining the amount o...

AINS 21 Segment B Exam With 100% Correct And Verified Answers

AINS 21 Segment B (Chapters 4-6)

AINS 21 Segment B Questions and Answers 100% Correct

Producer - Any of several kinds of insurance personnel who place insurance and surety business with insurers and who represent either insurers or insureds, or both Agent - In the agency relationship, the party that is authorized by the principal to act on the principal's behalf Agency - A legal, consensual relationship that exists when one party, the agent, acts on behalf of another party, the principal Principal - The party in an agency relationship that authorizes the agent to act on th...

AINS 21 Segment B (Chapters 4-6)