Where are contributions placed in a fixed annuity issued by an insurance company?

The insurance company’s general account. More test answers on https://studyhippo.com/series-6-exam-study-questions/

What form of processes include loan processing for a bank, claims processing for an insurance company, reservation processing for a hotel, and baggage handling for an airline?

Industry-specific customer-facing processes More test answers on https://studyhippo.com/ism-3011-final/

What important document must you have before an insurance company can photocopy a patient’s chart?

Release of Information Form signed by the patient. More test answers on https://studyhippo.com/ch-7-the-paper-claim/

when a medical facility is sent correct reimbursment from a insurance company for professional services, the sites receives

all the above: the indemnity the payment the check More test answers on https://studyhippo.com/chp-347/

How could Brian, who doesn’t want his car insurance premiums to increase, show he poses a low risk to his insurance company?

Drive safely to avoid accidents and traffic citations More test answers on https://studyhippo.com/02-00-it-all-begins-with-you-pre-assessment/

A person insured under a health policy is required to give the insurance company a Notice of Claim within how many days after a covered loss?

Twenty (Correct.) Written notice of a claim must be given to the insurer within 20 days. More test answers on https://studyhippo.com/8-florida-laws-and-rules-pertinent-to-insurance-test-only-has-40-questions/

For EVERY patient, the patient’s insurance company should be contacted to verify what?

1) The patient’s eligibility 2) Coverage is in effect 3) Which benefit plan the patient has More test answers on https://studyhippo.com/cms-1500-health-insurance-claim-form/

How can an insurance company make a profit by taking in premiums and making payouts?

The value of the premiums the company takes in is higher than the value of the payouts it makes. More test answers on https://studyhippo.com/insurance-test-answers/

Which of the following is a function of the marketing department of an insurance company?

to identify production goals More test answers on https://studyhippo.com/rmin-ch-6/

Whenever it mails out a check, the Adhesion Insurance Company marks it ”Void After 90 days.” Is such an instrument technically negotiable?

Yes. This language Void After 90 days does not destroy negotiability however if the 90 days expire, the instrument will not be negotiable. More test answers on https://studyhippo.com/commercial-paper-ch-1-2/

Home Page Social Science Business Insurance Insurance Company

Insurance Company Flashcards, test questions and answers

Discover flashcards, test exam answers, and assignments to help you learn more about Insurance Company and other subjects. Don’t miss the chance to use them for more effective college education. Use our database of questions and answers on Insurance Company and get quick solutions for your test.

What is Insurance Company?

Insurance is a form of protection for people and businesses against financial loss due to unforeseen events. Insurance companies are responsible for providing these insurance policies and services to people and businesses, which help protect them from potential losses. Insurance companies provide a variety of different types of insurance such as life, health, auto, property, business liability and more. The fundamentals of insurance involve risk management. Insurance companies assess the risks associated with various types of activities or investments and then determine how much coverage they can offer to customers in order to protect them from potential losses. This includes analyzing the probability that an event will occur, determining how likely it is that a claim will be filed, assessing the severity of the damages if a claim is filed, determining how much coverage should be offered based on these factors and setting premiums accordingly. In addition to managing risk through assessment and coverage levels, insurance companies also provide services such as claims processing, customer service support for policyholders when needed and other resources that help policyholders understand their policies better. Insurance companies are also responsible for ensuring that claims are paid in full and on time according to the terms set forth in their policy contracts with customers or clients. Insurance companies play an important role in protecting individuals and businesses from potential financial loss due to unforeseen events. They assess risks associated with activities or investments by analyzing probabilities associated with those risks before offering coverage options tailored to meet each customer’s needs at an affordable cost while providing valuable support services throughout the duration of their policy contracts.