What Must Be Properly Coded to Meet the Statutory Reporting

question 385

Multiple Choice

What must be properly coded to meet the statutory reporting requirements of the annual statement and to provide statistics to support filling?

• A) Claims data
• B) Insurance act
• C) Risk estimation
• D) Claim settlement

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Definitions:

Checks and Balances

A system in which the different branches of government have powers that can prevent the other branches from becoming too powerful, ensuring no single branch dominates.

Fourth Amendment

An amendment to the United States Constitution that protects individuals from unreasonable searches and seizures by the government, ensuring the right to privacy.

Warrantless Search

A search conducted by law enforcement without a search warrant, which can be legal under certain exceptions to the requirement of a warrant.

Urgent Search Warrant

A legal document, often expedited, authorizing law enforcement to conduct a search of a premise as part of an investigation.