
All of the following statements about the settlement of a claim are true EXCEPT
A) The insurance policy usually has a provision specifying how a notice of loss is to be made to the insurance company.
B) One step in the investigation of a claim is to determine whether the policy was in force when the loss occurred.
C) The adjustor must file the proof of loss, which is a sworn statement supporting his or her decision regarding a claim.
D) A policy provision may determine how disputes over claim settlements are resolved.
Correct Answer:
Verified
Q1: The underwriting process begins with the
A)agent.
B)desk underwriter.
C)inspection
Q3: All of the following are reasons for
Q6: The primary function of an actuary is
Q11: Morgan was hired by an insurance company
Q12: Which of the following statements about underwriting
Q13: Common sources of underwriting information for life
Q14: The unearned premium reserve of an insurer
Q16: Which of the following statements about treaty
Q17: One source of life and health insurance
Q19: Which of the following statements about treaty
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