Question

What does Loss Assessment (Claims Assessment) involve in insurance?

a.

Determining the insured's premium

b.

Assessing the insurer's financial status

c.

Determining if the loss is covered by the policy

d.

Calculating the insurance company's profits

Answer: (c).Determining if the loss is covered by the policy Explanation:Loss Assessment (Claims Assessment) is the process of determining whether the loss suffered by the insured is covered by the insurance policy.

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Q. What does Loss Assessment (Claims Assessment) involve in insurance?

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