AINS 101 | 50 Question with 100 % correct answers | Verified Latest 2024 Graded A+

Which one of the following best explains why producers should be alert to changes in clients' loss exposures? A. Implemented risk management techniques may prove to be ineffective or become obsolete. B. Knowledge of such changes will inform their efforts to create a list of experts that can be called to assist. C. Producers can aid clients in developing risk management cost allocation plans. D. Producers have expertise about risk financing through insurance. - A. Implemented risk management techniques may prove to be ineffective or become obsolete. The processing of almost every claim involves which one of the following activities? A. Engaging an accident scene reconstruction specialist B. Determining the amount of damages or extent of loss C. Subrogating D. Salvaging - B. Determining the amount of damages or extent of loss Maria is a new producer who wears many hats when forming relationships and then serving her established customers. In this capacity, which one of the following scenarios most accurately describes her ongoing work wearing the hat of "claims handler"? A. Customer Roland directly contacts Maria and she assumes full responsibility for his claim as she was the first insurance employee to receive the claims information. B. Juanita directly contacts Maria who sold her a policy to adjust her homeowners claim; Maria nicely explains she has no further responsibilities after making the sale.