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Author Question: Which of the following statements about claims settlement is true? A) Agents are never authorized ... (Read 161 times)

moongchi

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on: Jul 11, 2018
Which of the following statements about claims settlement is true?
 
  A) Agents are never authorized to settle claims.
  B) Independent adjustors may be used in a geographic area where the volume of business is too low for an insurer to have its own adjustors.
  C) A public adjustor is a salaried employee who works for one insurer.
  D) A staff claims representative is hired by a policyholder to represent him or her if the policyholder does not agree with the claim settlement offered by the insurer.

Question 2

If an underwriter suspects moral hazard, the underwriter may ask an outside firm to investigate the applicant and make a detailed report to the insurer. This report is called a(n)
 
  A) inspection report.
  B) application.
  C) M.I.B. report.
  D) agent's report.


asdfghjkl;

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: A


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