CIP C39 Fraud Awareness & Prevention-
/ / / / /
Chapters 1- /
2 Exam Questions With Correct Answers
/ / / / /
Effects /of /Fraud /- /verified /answer(s)-✔✔EDI /ECI
1. /Economic /Loss /to /individuals /& /family /through /direct /physical /damage
2. /Direct /economical /loss /to /the /community /when /public /resources /are /used /(fire, /police)
3. /Indirect /eco /loss /to /enterprises/businesses, /b.c /clients /suffered /damages
4. /Emotional /and /psychological /effects /on /victims
5. /Cause /death/ /physical /injury /to /the /public /and /public /service /workers
6. /Indirect /eco /to /ins. /consumers
Consumer /Attitudes /- /verified /answer(s)-
✔✔1.
/Realists:
/low /tolerance /for /fraud, /don't /advocate /strong /punishment /(feel /it's /sometimes /justified)
2. /Conformist: /tolerant /of /fraud, /moderate /punishment
3. /Moralist: /least /tolerant, /sever /punishment
4.
/Critics:
/high
/tolerance /for /fraud, /little /to /no /punishment /for /perpetrators /(insurance /claim /is /deserved)
, Why /are /consumer /attitudes /towards /insurance /fraud /skewed? /- /verified /answer(s)-✔✔
Building /a /knowledge /about /fraud /- /verified /answer(s)-✔✔ACE
-
Acknowledging
/ambiguity:
/being
/flexible
/when /resolving /(ie.) /claims, /not /to /an /exact /science /- /do /the /ins'rs /use /preferred /vendors?
-Community /involvement: /by /ins. /co. /maintaining /ethical /standards /& /a /good /image /that /they
/practice /what /they /preach /(setting /a /good /example)
-
Education:
/to
/educate=provide
/information /to /industry /people /& /consumers. /Continue /to /reinforce /message /too
General /Categories /of /Fraud /- /verified /answer(s)-
✔✔Opportunistic: /form /of /dishonesty /on /a /legit /claim
Planned: /fabricating /a /claim /to /defraud /ins'r
Good /Faith /- /verified /answer(s)-
✔✔refers
/to /
a
/state
/ / / / /
Chapters 1- /
2 Exam Questions With Correct Answers
/ / / / /
Effects /of /Fraud /- /verified /answer(s)-✔✔EDI /ECI
1. /Economic /Loss /to /individuals /& /family /through /direct /physical /damage
2. /Direct /economical /loss /to /the /community /when /public /resources /are /used /(fire, /police)
3. /Indirect /eco /loss /to /enterprises/businesses, /b.c /clients /suffered /damages
4. /Emotional /and /psychological /effects /on /victims
5. /Cause /death/ /physical /injury /to /the /public /and /public /service /workers
6. /Indirect /eco /to /ins. /consumers
Consumer /Attitudes /- /verified /answer(s)-
✔✔1.
/Realists:
/low /tolerance /for /fraud, /don't /advocate /strong /punishment /(feel /it's /sometimes /justified)
2. /Conformist: /tolerant /of /fraud, /moderate /punishment
3. /Moralist: /least /tolerant, /sever /punishment
4.
/Critics:
/high
/tolerance /for /fraud, /little /to /no /punishment /for /perpetrators /(insurance /claim /is /deserved)
, Why /are /consumer /attitudes /towards /insurance /fraud /skewed? /- /verified /answer(s)-✔✔
Building /a /knowledge /about /fraud /- /verified /answer(s)-✔✔ACE
-
Acknowledging
/ambiguity:
/being
/flexible
/when /resolving /(ie.) /claims, /not /to /an /exact /science /- /do /the /ins'rs /use /preferred /vendors?
-Community /involvement: /by /ins. /co. /maintaining /ethical /standards /& /a /good /image /that /they
/practice /what /they /preach /(setting /a /good /example)
-
Education:
/to
/educate=provide
/information /to /industry /people /& /consumers. /Continue /to /reinforce /message /too
General /Categories /of /Fraud /- /verified /answer(s)-
✔✔Opportunistic: /form /of /dishonesty /on /a /legit /claim
Planned: /fabricating /a /claim /to /defraud /ins'r
Good /Faith /- /verified /answer(s)-
✔✔refers
/to /
a
/state
