Which of the following conditions must be met before an insurer is under obligation to pay claim
loss notification
premium payment
completion of proposal form
submission of policy paper to the insurer
Correct answer is B
In insurance, the insurance policy is a contract between the insurer and the insured, known as the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language. The insurer is only obligated to pay for claims if the insured keeps their own part of the bargain by paying the premium.
The shortcut key for the open dialog box in MS Word is ?
Alt + F12
Ctrl + F12
F12
shift + f12
Correct answer is B
No explanation has been provided for this answer.
burglary policy
public liability policy
goods-in-transit policy
money policy
Correct answer is D
Money insurance policy provides cover for loss of money in transit between the insured’s premises, bank and other specified places occasioned by robbery, theft or any other fortuitous cause. It also provides cover for loss of money in the business premises, safe or vault, etc.
One function of operating system is ?
power supply allocation
file corruption and deletion
flowcharting
resource allocation
Correct answer is D
No explanation has been provided for this answer.
The duty of a loss assessor is to ensure
adequate compensation to the insured
payment of premium to the insurer
that risk manager identifies the risk properly
that insurance broker collects commission
Correct answer is A
A Loss Assessor is appointed by the policyholder when they need to submit a substantial or complex claim.
Independent entity hired and paid by the insured (policy holder) to negotiate an insurance claim with the insurer (insurance company). The loss assessor receives a fee that is usually a percentage of the claim amount received by the insured.
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