Multiple Choice
Loss adjusters perform all the following functions except:
A) investigate claims to determine if fraud is involved
B) negotiate with the insured on the amount of damage claims
C) recommend denial of claims
D) act as the company's lawyer if the case goes to court
Correct Answer:
Verified
Correct Answer:
Verified
Q13: Which of the following is not a
Q14: Brokers generally stand in the same position
Q15: An insurance broker legally represents the insurance
Q16: Explain what a direct writer company is.
Q17: Pro-rata reinsurance means:<br>A) losses, premiums, and expenses
Q19: What is the difference between pro-rata reinsurance
Q20: Which of the following pieces of information
Q21: The MIB is most helpful to which
Q22: Which of the following is not a
Q23: Professional reinsurance companies:<br>A) engage only in reinsurance