AIC 30|151 Questions with 100% Correct Answers | Verified | Latest Update

First Party Focus - ️️Coverage and Amount of damage Second Party - ️️Insurance Company First Party - ️️Insured Third Party - ️️Claimant Third Party Focus - ️️Liability, Coverage, and Amount of damage Third Party Administrator (TPA) - ️️an organization that provides admin services associated with risk financing and insurance. They handle claims and risk management for self-insured organizations Independent Adjuster - ️️handles claims for the insurer for a fee. Works for the insurer Public Adjuster - ️️an outside organization that is hired by the insured to represent the insured in the claim for a fee. Works for the public Quantitative Measures - ️️can have actual numbers assigned, such as number of claims opened and percentage of subrogation recovery Qualitative Measures - ️️related to intangible measures. nothing concrete, did they do a good job? do they have good negotiation skills?