All of the Following Statements About the Settlement of a Claim

question 6

Multiple Choice

All of the following statements about the settlement of a claim are true EXCEPT

• A) The insurance policy usually has a provision specifying how a notice of loss is to be made to the insurance company.
• B) One step in the investigation of a claim is to determine whether the policy was in force when the loss occurred.
• C) The adjustor must file the proof of loss, which is a sworn statement supporting his or her decision regarding a claim.
• D) A policy provision may determine how disputes over claim settlements are resolved.

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Definitions:

Dualism

The philosophical or religious belief that reality consists of two fundamental entities, such as mind and matter, or good and evil.

Nonmaterial Realm

A concept or domain that is not physical or tangible, often associated with spiritual or intellectual aspects.

Spiritual Realm

A dimension or aspect of existence that pertains to the non-physical, often associated with religious, mystical, or supernatural phenomena.

Francis Bacon

An English philosopher and statesman who is known for developing the scientific method.