Line underwriters - Study guides, Class notes & Summaries

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 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...

AU 60 ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) ALREADY GRADED A+ NEWEST VERSION As an underwriter, Liz knows that her success relies on collaboration with multiple departments. Which one of the following is the first step that Liz should take to foster collaboration among the different department managers? Select one: A. Liz should begin by developing an understanding of each department and how their work processes interact. B. Liz should begin ...

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...

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...

Prepxl Practice Test 7: Questions and answers, rated A+ 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 l...

The coverage territory of the Business Auto form provides for "worldwide liability coverage" for private passenger autos that the insured: a) Hires, leases, rents or borrows without a driver while outside the United States, its territories and possessions. b) Purchases while outside the United States, its territories and possessions. c) Sells while outside the United States, its territories and possessions. d) Occupies while outside the United States, its territories and possession...

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...