AIC 300 - Claims in an Evolving World Questions and Answers for 2024 Exam Most insurers have guidelines outlining when and under what
circumstances large loss reports should be prepared.
12. In which one of the following scenarios is the right of
subrogation most likely to be employed by the insurer?
Select one:
A. An insured files a homeowners claim for stolen jewelry. An
investigation reveals that the jewelry is still in the insured's
possession.
B. An investigation reveals that an insured set her own business
on fire.
C. An insured files a claim for collision damage from a hit and
run accident, when in fact he backed into a utility pole.
D. A claims rep discovers that their insured's car accident was
caused by a road contractor who left equipment lying in the
travel lanes of a highway.: D. A claims rep discovers that their
insured's car accident was caused by a road contractor who left
equipment lying in the travel lanes of a highway.
The right of subrogation allows an insurer to recover payment from
a negligent third party.
13. In claims investigation, all bodily injury claims require
Select one:
A. Statements from all witnesses. B. Multiple claims payments
C. An attorney.