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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. - 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 requ...
Vista previa 4 fuera de 39 páginas
Añadir al carritoB. 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. - 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 requ...
Subrogation - The process by which an insurer can, after it has paid a loss under the policy, 
recover the amount paid from any party (other than the insured) who caused the loss or is otherwise 
legally liable for the loss. 
Legal Liability - The legally enforceable obligation of a person or an org...
Vista previa 1 fuera de 3 páginas
Añadir al carritoSubrogation - The process by which an insurer can, after it has paid a loss under the policy, 
recover the amount paid from any party (other than the insured) who caused the loss or is otherwise 
legally liable for the loss. 
Legal Liability - The legally enforceable obligation of a person or an org...
Which one of the following describes a windstorm under an insurance policy? -A wind of any 
velocity having sufficient force to cause damage 
In a specified perils policy, a loss is covered only if - The cause of loss is listed. 
A mortgagee's rights under a property insurance policy can best be de...
Vista previa 3 fuera de 24 páginas
Añadir al carritoWhich one of the following describes a windstorm under an insurance policy? -A wind of any 
velocity having sufficient force to cause damage 
In a specified perils policy, a loss is covered only if - The cause of loss is listed. 
A mortgagee's rights under a property insurance policy can best be de...
First Party Focus - Coverage and Amount of damage 
Second Party - Insurance Company 
First Party - Insured 
Third Party - Claimant 
Third Party Focus - Liability, Coverage, and Amount of damage 
Third Party Administrator (TPA) - an organization that provides admin services associated with 
risk fina...
Vista previa 2 fuera de 14 páginas
Añadir al carritoFirst Party Focus - Coverage and Amount of damage 
Second Party - Insurance Company 
First Party - Insured 
Third Party - Claimant 
Third Party Focus - Liability, Coverage, and Amount of damage 
Third Party Administrator (TPA) - an organization that provides admin services associated with 
risk fina...
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