Which of the Following Statements About Claim Settlement Is (Are)true

question 19

Multiple Choice

Which of the following statements about claim settlement is (are) true?
I.The fair payment of claims requires an insurer to adopt a very liberal claims policy.
II.To prevent lawsuits,an insurer should provide no personal assistance to a claimant other than that which is required by contractual obligations.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Enacted Values

Represent the values and norms that are actually exhibited or converted into employee behavior within an organization.

Corporate Value Statements

Declarations made by a company to express its core principles and ethical standards intended to guide its practices and decisions.

Realistic Job Previews

An employment tool used to provide prospective employees with a truthful understanding of what their job will entail, including both positive and negative aspects.

Organizational Socialization

The process through which new employees learn the attitudes, knowledge, skills, and behaviors required to function effectively within an organization.