Multi line insurer - Study guides, Class notes & Summaries

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 requested. C. By overnight courier. D. By registered mail. D. Subpoenaed. Any written claims communication may be subpoenaed. - As methods of communication evolve, it's important for claims professi...

Multi-Line Insurers - CORRECT ANSWER-________-______ Insurers are insurance carriers that offer more than one line of insurance. False - CORRECT ANSWER-True or False? Stock Insurance Companies are "participating" in that the policyholders receive dividends. Attorney-In-Fact - CORRECT ANSWER-Reciprocal Insurers are managed by an ___________________. Association - CORRECT ANSWER-Contrary to popular opinion, Lloyd's of London is not an insurer but rather an ____________. Limits Catas...

Although most policies are occurrence forms, covering claims that occur during the policy period, some are claims-made forms. Which one of the following types of loss is most likely to involve a claims-made form? Select one: A. An automotive collision claim. B. A homeowners liability claim due to a slip and fall. C. A homeowners claim due to storm damage. D. A medical malpractice claim. - D. A medical malpractice claim. Claims-made forms are most often used for environmental, medical mal...

Antonia has a general liability policy with a self-insured retention of $50,000. The policy has an occurrence limit of $250,000 and an aggregate limit of $500,000. She had submitted one prior claim this policy term for which $100,000 was paid by the insurer. How much will Antonia's insurer pay on a subsequent claim under the same policy period that is valued at $400,000? Select one: A. $200,000 B. $250,000 C. $400,000 D. $500,000 - B. $250,000 After the SIR limit had been reached, the ...

XCEL INSURANCE LICENSING EXAM 200 QUESTIONS AND VERIFIED ANSWERS . In a reinsurance agreement, the insurance company that transfers its loss exposure to another insurer is called the primary insurer. An insurer owned by its policyholders is called a A) stock insurer B) reinsurer C) mutual insurer D) multi-line insurer - ANSWERC) Mutual insurer The correct answer is "mutual insurer". A mutual insurer is owned by its policyholders. A participating company is also referred to as wh...

AIC 300 - Claims in an Evolving World. Exam With Latest Questions And Answers. Updated And Verified. 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 clai...

Commercial Casualty – CIC Exam | Q&A Latest 2024/2025 | 100% PASS What are the two promises the insurer makes? - Answer -1. Indemnity 2.Defense A Commercial General Liability Policy may be written as a - Answer -1. Monoline Policy 2. Multi-Line Policy 6 different forms of business - Answer -1. Individual 2. Partnership 3. Joint Venture 4. Trust 5. Limited Liability Company 6. Organization, including, but not limited to corporations The 5 sections to a CGL Form - Answer -Section I ...

©FYNDLAY 2024/2025 ALL RIGHTS RESERVED 8:10PM. 1 AIC 300 - Claims in an Evolving World Exam Questions And Answers 2025 Update. 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. S...

Life & Health Insurance Exam 2024 (Arkansas) Questions and Answers 100% Accurate!!Life & Health Insurance Exam 2024 (Arkansas) Questions and Answers 100% Accurate!!Life & Health Insurance Exam 2024 (Arkansas) Questions and Answers 100% Accurate!!Life & Health Insurance Exam 2024 (Arkansas) Questions and Answers 100% Accurate!! Reserves - ANSWER Funds held by the company to fullfull future claims. Funds are set by the state department of insurance. Multi-line Insurer - ANSWER An insurance c...

AIC 300 - Claims In An Evolving World Exam With 100% Correct And Verified Answers | Latest Update 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 requested. C. By overnight courier. D. By registered mail. D. Subpoenaed. Any written claims communication ma...