Line underwriter - Study guides, Class notes & Summaries

AINS 101 Questions and Answers Rated A+ The two main sectors of the insurance industry are Property-casualty insurance and life-health insurance. Because insurance contracts impose an obligation for ethical practices and behaviors on the parties while dealing with one another, an insurance contract is called a Contract of utmost good faith. Earned premiums are shown on an insurer's income statement because they are Revenues Destructive competition in the insurance industry could re...

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 Se...

AIC 300 - Claims in an Evolving World Questions With 100% Correct Answers 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. - answerInsurers 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. D. Subpoenaed. Any written claims communication may be subp...

AIC 300 - Claims in an Evolving World Exam Questions With 100% Correct Answers 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. - answerInsurers 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. D. Subpoenaed. Any written claims communication may b...

AIC 300 - Claims in an Evolving World Questions With 100% Correct Answers 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. - answerInsurers 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. D. Subpoenaed. Any written claims communication may be subp...

Line Underwriter An underwriter who is primarily responsible for implementing the steps in the underwriting process. Staff Underwriter An underwriter who assists underwriting management with making an implementing underwriting policy. Underwriting Guidelines A written manual that communicates an insurer's underwriting policy and that specifies the attributes of an account that an insurer is willing to insurer. Underwriting policy A guide to individual and aggregate policy selection tha...

AIDA 181 (Latest 2024 / 2025 Update) Big Data Analytics for Risk and Insurance Exam | Questions and Verified Answers | 100% Correct | Grade A Question: Computer output simulating human reasoning best describes which one of the following? Select one: A. Artificial intelligence B. Machine learning C. Deep learning D. Chatbots Answer: A Question: Annette is a claims adjuster with Midwestern Insurance (MI). MI recently invested in and established robotic process automation (RPA) ...

AU 61 Chapter 6 Exam Questions and Answers All Correct The point on the fault line at which movement of the earthen plates begins is an earthquake's Select one: A. Epicenter. B. Focus. C. Seismology. D. Surge point. - Answer B. Focus. The Richter scale measures the magnitude of an earthquake by the total amount of Select one: A. Damage caused. B. Geography impacted. C. Time or duration. D. Energy released. - Answer D. Energy released. Volcanic action losses are loss exposure...

C120 - Underwriting Essentials Chapter 1 - Introduction to Underwriting Questions and Answers Already Passed What is a table of limits, and how are the amounts in the table determined? (AKA Rating matrix) Outlines the amount of insurance an underwriter may be authorized to offer for varying types of risks. They are determined by the Occupancy, Public Fire Protection and Construction of the risk. 3 main reasons why an underwriter may reject a risk 1) Class of risk is not permitted in t...

Investment Bankers -Responsible for designing and packaging a security, offering and selling the securities to the public Concentration of capital -Allows large firms to take additional risks and satisfy the needs of an increasingly demanding capital market Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:02 / 0:15 Full screen Gramm-Leach-Bliley Act -Repealed the depression-era laws -Continuing powers of the Federal Reserv...