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Congratulations, you’ve passed Insurance Claim Handling Basics!
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Question 1 of 10
1. Question
Which broad term can be used to refer to any action that seeks to identify or reduce the costs of loss claims?
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Question 2 of 10
2. Question
Which of the following terms could be used to describe a predictable reduction of value on an economic basis?
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Question 3 of 10
3. Question
The agent, accident, or action that directly causes a loss is known as which of the following?
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Question 4 of 10
4. Question
What are the two fundamental types of insurance companies?
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Question 5 of 10
5. Question
Under what circumstances do the courts serve as the ultimate interpreter of a policy contract?
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Question 6 of 10
6. Question
If a claimant feels their loss is being undervalued, they commonly hire which of the following to evaluate the loss?
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Question 7 of 10
7. Question
Which of the following is the name of the practice where an insurer is allowed to file a lawsuit against a third party to recoup the losses they paid to their insured for damages for which the third party was liable?
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Question 8 of 10
8. Question
What time frame should an adjuster strive for when obtaining medical information about a claimant?
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Question 9 of 10
9. Question
Though adjusters should not tell a client to perform any repairs, they should encourage their claimants to do which of the following?
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Question 10 of 10
10. Question
Which of the following actions should be completed as quickly as possible?

