What Represents the Amounts Needed to Provide for the Estimated

question 68

Multiple Choice

What represents the amounts needed to provide for the estimated ultimate cost of settling claims relating to insured events that have occurred on or before a particular date?

• A) Independent claim adjustment
• B) Payment of claims
• C) Insured claim adjustments
• D) Claim adjustment expenses

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Definitions:

Personal Observation

Direct witnessing or monitoring of events, behaviors, or activities, used as a basis for drawing conclusions or gathering data.

Online Search

The process of using the internet to locate information, resources, or data through search engines or specific websites.

Gathering Information

The collection of data, facts, and insights from various sources to support decision-making, analysis, or research.

Primary Research

Original research conducted first-hand to collect new data or information directly related to a specific question or issue.