An Insured Does Not Get the Right to Arbitration When

question 12

Multiple Choice

An insured does not get the right to arbitration when the:

• A) insurance company denies responsibility for the loss.
• B) loss is of a relatively small value.
• C) claim is assigned to a claims adjustor.
• D) insured leaves the scene of the accident.
• E) insured has made several claims from the insurance company.

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Definitions:

Sample

A subset of a population selected for measurement, observation, or questioning to provide statistical information about the population.

Standard Error

The standard deviation of the sampling distribution of a statistic, typically the mean, indicating the accuracy of a sample mean estimate relative to the population mean.

Confidence Interval

A range of values derived from sample data that is likely to cover the true population parameter with a specified level of confidence.

Sample

A subset of individuals or observations drawn from a larger population for the purpose of statistical analysis.