An Insurer Does Not Have a Duty to Investigate and Provide

question 66

True/False

An insurer does not have a duty to investigate and provide reasons for any decision to deny or reduce a particular claim.

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Definitions:

ERP III

The third generation of Enterprise Resource Planning software, focusing on extending traditional ERP systems to connect with the internet, e-commerce, and other external operations.

ERP

Organizations leverage Enterprise Resource Planning software to handle everyday business tasks such as accounting, procurement, project management, and manufacturing.

FAIS

Financial Accounting Information System (FAIS) is an information system that collects, processes, and stores financial data to provide key financial information to internal stakeholders.

CRM

Customer Relationship Management, a strategy and software that businesses use to manage and analyze customer interactions and data throughout the customer lifecycle.