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CIC INSURANCE COMPANY OPERATIONS EXAM AND PRACTICE
EXAM NEWEST 2025/2026 ACTUAL EXAM WITH COMPLETE
QUESTIONS AND CORRECT DETAILED ANSWERS (100% VERIFIED
ANSWERS) |ALREADY GRADED A+| ||PROFESSOR VERIFIED||
insurance company audits can be conducted by the insurance
company or by an external organization, internal audits are more
likely to measure if the carrier is performing within the prescribed
limits, audits conducted by external organization tend to focus
more on the financial status of the carrier. The following is
commonly subject to audit, indicate if the topic is subject to
financial audit or a performance audit: licensing - ANSWER-
performance
insurance company audits can be conducted by the insurance
company or by an external organization, internal audits are more
likely to measure if the carrier is performing within the prescribed
limits, audits conducted by external organization tend to focus
more on the financial status of the carrier. The following is
commonly subject to audit, indicate if the topic is subject to
financial audit or a performance audit: reserves - ANSWER-
financial
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insurance company audits can be conducted by the insurance
company or by an external organization, internal audits are more
likely to measure if the carrier is performing within the prescribed
limits, audits conducted by external organization tend to focus
more on the financial status of the carrier. The following is
commonly subject to audit, indicate if the topic is subject to
financial audit or a performance audit: accounting reports -
ANSWER-performance
insurance company audits can be conducted by the insurance
company or by an external organization, internal audits are more
likely to measure if the carrier is performing within the prescribed
limits, audits conducted by external organization tend to focus
more on the financial status of the carrier. The following is
commonly subject to audit, indicate if the topic is subject to
financial audit or a performance audit: reinsurance - ANSWER-
performance
insurance company audits can be conducted by the insurance
company or by an external organization, internal audits are more
likely to measure if the carrier is performing within the prescribed
limits, audits conducted by external organization tend to focus
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more on the financial status of the carrier. The following is
commonly subject to audit, indicate if the topic is subject to
financial audit or a performance audit: internal compliance/ control
- ANSWER-performance
in recent years technology has become a more important facet of
insurance company operations. tech advancements have become
the expected by the public and have become the ticket to play for
insurance carriers, computer assistance can be recognized as
serving one of two purposes- either base services or strategic
services. The following is a service carriers look to technology to
handle. Indicate if it is base or strategic service: working
environment - ANSWER-base
in recent years technology has become a more important facet of
insurance company operations. tech advancements have become
the expected by the public and have become the ticket to play for
insurance carriers, computer assistance can be recognized as
serving one of two purposes- either base services or strategic
services. The following is a service carriers look to technology to
handle. Indicate if it is base or strategic service: user interface -
ANSWER-strategic
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in recent years technology has become a more important facet of
insurance company operations. tech advancements have become
the expected by the public and have become the ticket to play for
insurance carriers, computer assistance can be recognized as
serving one of two purposes- either base services or strategic
services. The following is a service carriers look to technology to
handle. Indicate if it is base or strategic service: website -
ANSWER-base
in recent years technology has become a more important facet of
insurance company operations. tech advancements have become
the expected by the public and have become the ticket to play for
insurance carriers, computer assistance can be recognized as
serving one of two purposes- either base services or strategic
services. The following is a service carriers look to technology to
handle. Indicate if it is base or strategic service: real time rating -
ANSWER-strategic
in recent years technology has become a more important facet of
insurance company operations. tech advancements have become
the expected by the public and have become the ticket to play for
CIC INSURANCE COMPANY OPERATIONS EXAM AND PRACTICE
EXAM NEWEST 2025/2026 ACTUAL EXAM WITH COMPLETE
QUESTIONS AND CORRECT DETAILED ANSWERS (100% VERIFIED
ANSWERS) |ALREADY GRADED A+| ||PROFESSOR VERIFIED||
insurance company audits can be conducted by the insurance
company or by an external organization, internal audits are more
likely to measure if the carrier is performing within the prescribed
limits, audits conducted by external organization tend to focus
more on the financial status of the carrier. The following is
commonly subject to audit, indicate if the topic is subject to
financial audit or a performance audit: licensing - ANSWER-
performance
insurance company audits can be conducted by the insurance
company or by an external organization, internal audits are more
likely to measure if the carrier is performing within the prescribed
limits, audits conducted by external organization tend to focus
more on the financial status of the carrier. The following is
commonly subject to audit, indicate if the topic is subject to
financial audit or a performance audit: reserves - ANSWER-
financial
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insurance company audits can be conducted by the insurance
company or by an external organization, internal audits are more
likely to measure if the carrier is performing within the prescribed
limits, audits conducted by external organization tend to focus
more on the financial status of the carrier. The following is
commonly subject to audit, indicate if the topic is subject to
financial audit or a performance audit: accounting reports -
ANSWER-performance
insurance company audits can be conducted by the insurance
company or by an external organization, internal audits are more
likely to measure if the carrier is performing within the prescribed
limits, audits conducted by external organization tend to focus
more on the financial status of the carrier. The following is
commonly subject to audit, indicate if the topic is subject to
financial audit or a performance audit: reinsurance - ANSWER-
performance
insurance company audits can be conducted by the insurance
company or by an external organization, internal audits are more
likely to measure if the carrier is performing within the prescribed
limits, audits conducted by external organization tend to focus
,3|Page
more on the financial status of the carrier. The following is
commonly subject to audit, indicate if the topic is subject to
financial audit or a performance audit: internal compliance/ control
- ANSWER-performance
in recent years technology has become a more important facet of
insurance company operations. tech advancements have become
the expected by the public and have become the ticket to play for
insurance carriers, computer assistance can be recognized as
serving one of two purposes- either base services or strategic
services. The following is a service carriers look to technology to
handle. Indicate if it is base or strategic service: working
environment - ANSWER-base
in recent years technology has become a more important facet of
insurance company operations. tech advancements have become
the expected by the public and have become the ticket to play for
insurance carriers, computer assistance can be recognized as
serving one of two purposes- either base services or strategic
services. The following is a service carriers look to technology to
handle. Indicate if it is base or strategic service: user interface -
ANSWER-strategic
, 4|Page
in recent years technology has become a more important facet of
insurance company operations. tech advancements have become
the expected by the public and have become the ticket to play for
insurance carriers, computer assistance can be recognized as
serving one of two purposes- either base services or strategic
services. The following is a service carriers look to technology to
handle. Indicate if it is base or strategic service: website -
ANSWER-base
in recent years technology has become a more important facet of
insurance company operations. tech advancements have become
the expected by the public and have become the ticket to play for
insurance carriers, computer assistance can be recognized as
serving one of two purposes- either base services or strategic
services. The following is a service carriers look to technology to
handle. Indicate if it is base or strategic service: real time rating -
ANSWER-strategic
in recent years technology has become a more important facet of
insurance company operations. tech advancements have become
the expected by the public and have become the ticket to play for
