Line underwriters - Study guides, Class notes & Summaries

AIC 300 Claims in an Evolving World Questions and Answers Solved 100%Correct!! 1. 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. 2. As methods of communication evolve, it's important for c...

Which of the following is responsible for determining whether to issue a license approval? - The NMLS - The Governor - The Legislature - The Commissioner - The Commissioner. The Commissioner or state regulator for financial institutions determines licensing eligibility. A subordinate lien that allows a borrower to pay down principal and continue to make withdrawals is known as: - A reverse mortgage - An ARM - A home equity line of credit - A piggyback loan - A home equity line of cred...

AIC 300 - Claims in an Evolving World Practice Questions and Answers 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. - Correct Answer ️️ -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 import...

AINS 103 Practice Test Questions and Answers Already Graded A+ With advancements in technology, underwriting data is becoming increasingly abundant and more reliable. These technological advancements changed underwriting in which one of the following ways? A. Insurers are seeking assistance from reinsurers. B. Underwriters are spending less time cultivating relationships and trust with insureds. C. More insurers are turning to automated systems. D. Underwriters are spending more time co...

LOMA 291 Module 1 Exam with Correct Answers Updated Regulators and rating agencies expect an insurer to have an ERM program - Answer-When evaluating a company, they review The quality and effectiveness of the company's ERM program The risks the company faces Its strategies for managing risks The following statements pertain to enterprise risk management in a typical financial services company. Select each correct statement. a. ERM targets not only risks that threaten a company's viabil...

AIC 300 - Claims in an Evolving World Practice Questions and Answers 100% Pass 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. - Correct Answer ️️ -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...

AIC 300 - Claims in an Evolving World Practice Questions and Answers 100% Pass 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. - Correct Answer ️️ -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...

In the claim function, how is supporting the insurer's profit goal accomplished? through controlling expenses What is an insurer's line influenced by? the maximum amount of insurance or limit of liability allowed by insurance regulations Loss Ratio Formula What do line underwriters do · Select insureds · Classify and price accounts · Recommend coverage · Manage a book of business · Support producers and insureds · Support marketing What do staff underwriters do · Resea...

AIC 300 - Claims in an Evolving World Exam Questions And Answers (Verified And Updated) 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. - answerB. 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 impo...

AIC 300 - Claims in an Evolving World Exam Questions And Answers (Verified And Updated) 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. - answerB. 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 impo...