AIC 30 Exam Practice Questions and Answers 100% Pass

AIC 30 Exam Practice Questions and Answers 100% Pass First Party Focus - Correct Answer ️️ -Coverage and Amount of damage Second Party - Correct Answer ️️ -Insurance Company First Party - Correct Answer ️️ -Insured Third Party - Correct Answer ️️ -Claimant Third Party Focus - Correct Answer ️️ -Liability, Coverage, and Amount of damage Third Party Administrator (TPA) - Correct Answer ️️ -an organization that provides admin services associated with risk financing and insurance. They handle claims and risk management for self-insured organizations Independent Adjuster - Correct Answer ️️ -handles claims for the insurer for a fee. Works for the insurer Public Adjuster - Correct Answer ️️ -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 - Correct Answer ️️ -can have actual numbers assigned, such as number of claims opened and percentage of subrogation recovery Qualitative Measures - Correct Answer ️️ -related to intangible measures. nothing concrete, did they do a good job? do they have good negotiation skills? Ethics - Correct Answer ️️ -the study of what constitutes good and bad behavior, dealing with the moral duty and obligation Conflict of Interest - Correct Answer ️️ -a situation that occurs when a decision makers personal interests interfere to the extent that he/she makes decisions that adversely affect the customer, claimant, or employer Ex Parte Contract - Correct Answer ️️ -contracts in which only 1 party is heard. discussing the claim with the represented person without benefit of their attorney being involved. this is not illegal, but its not ethical. Fraud - Correct Answer ️️ -an intentional misrepresentation resulting in harm to another person or organization Code of Ethics - Correct Answer ️️ -professional guidelines of behavior within an organization or profession N.A.I.C - Correct Answer ️️ -The National Association of Insur