USAA Questions and Answers Already Passed

USAA Questions and Answers Already Passed 3 basic steps of claims investigation verifying insurance coverage obtain additional information about the claim verify and compare this information what are the 3 types of claim reports initial for first field -( 24hrs to 7 days( interim or status report - (15-30 days informed) full formal report what are the 2 methods to making estimates for claims Time and Material method Unit cost method In Texas, the signed and sworn proof of loss statement must be sent to the insured claimant within how many days of their insured's claim notification to the insurance carrier? 15 days In Texas, the signed and sworn proof of loss statement must be returned to the insurance company by the insured within how many days? 91 Days Texas regulations required the insurer to notify the named insured in writing within how many days after the date of the initial settlement offer 10 days The insurer must notify the named insured within how many days after the claim is settled 30 days what is a declaratory judgment action when the insurer presents the coverage question to the court for a decision on coverage Subrogation is the transfer by the insured to the insurance company of the insured's right of recovery against others What is the most common way for an insurance company to pursue subrogation? File a claim with the responsible party's insurance company Supplementary payments pay for cost of a bond, first aid, interest on a judgment, defense and investigation of claim what are the liability steps in proper sequence analyze reports gather evidence verify and compare evidence observe the accident site take photographs gather medical reports consult experts identify conflicting information 5 coverage's that may be selected for an auto policy A - Iiablity B - medical payments B - personal injury protection C - under/un insured motorists D - physical damage personal injury protection medical, funeral, AND LOSS OF INCOME 80% what is the minimum medical coverage 500$