A condition which the insuring public would use to evalua...
A condition which the insuring public would use to evaluate the financial stability of an insurer is?
prompt payment of claims
adequate reinsurance treaty
allowance for ex-gratia payment
settlement of investigated claims
Correct answer is A
The “Prompt Payment of Insurance Claims” imposes certain deadlines on insurers for responding to, investigating, and accepting or rejecting claims. The purpose is to “promote the prompt payment of insurance claims pursuant to policies of insurance.” The general public would use this to judge the insurance capability of owning up to reponsibilities
A general question in an insurance proposal form is ...
The claims on kayode's shop would be paid by ...
A professional charged with the responsibility of assessing loss in insurance ...
The use of gas burners for cutting and welding is considered in insurance contract as ...
The right to effect a contract of insurance on the life of a debtor by the creditor is? ...
Life policies can be used as a collateral for loan when the policy has? ...
one of the feature of ''with profit whole life assurance'' is that profit is allocat...