Author Question: Antonio is a claims adjustor for LMN Insurance Company. After the insurer is notified that there has ... (Read 24 times)

cookcarl · **on:** Jul 11, 2018

Antonio is a claims adjustor for LMN Insurance Company. After the insurer is notified that there has been a loss, Antonio meets with the insured. The first step in the claims process that Antonio should follow is to

A) determine the amount of the loss.
B) attempt to deny the claim regardless of whether he believes the claim is covered.
C) verify that a covered loss has occurred.
D) delay paying the claim if the claim is covered.

Question 2

Functions of an insurance company's legal department include which of the following? I. Lobbying for legislation favorable to the insurance industry. II. Drafting policy provisions.

A) I only
B) II only
C) both I and II
D) neither I nor II