Easy Pay Insurance Company may require insureds who suffer a loss to submit a sworn statement to substantiate that a loss occurred and to describe the conditions under which the loss occurred. This sworn statement is called a(n)
A) binder.
B) proof of loss.
C) inspection report.
D) notice of loss.
Question 2
Amy heads the legal staff of a large property and liability insurance company. Amy's staff is likely involved in which of the following activities?
A) reviewing investment options for the insurer's assets
B) reviewing language and policy provisions in insurance contracts
C) calculating premiums to be charged for the insurer's products
D) reviewing applications to determine if the company should insure the risk
Example of a patient statement.
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