Author Question: Which of the following statements about claim settlement is (are) true? I. The fair payment of ... (Read 155 times)

KimWrice · **on:** Jul 11, 2018

Which of the following statements about claim settlement is (are) true?

I. The fair payment of claims requires an insurer to adopt a very liberal claims policy.
II. To prevent lawsuits, an insurer should provide no personal assistance to a claimant other than that which is required by contractual obligations.
A) I only
B) II only
C) both I and II
D) neither I nor II

Question 2

Which of the following is a function of the marketing department of an insurance company?

A) to settle claims after a loss has been reported
B) to determine the cost of products the insurer sells
C) to make final underwriting decisions
D) to identify production goals