C06 Claims Processing MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on C06 Claims Processing, a fundamental topic in the field of IC38 Life Insurance Agent Exam. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our C06 Claims Processing MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of C06 Claims Processing mcq questions that explore various aspects of C06 Claims Processing problems. Each MCQ is crafted to challenge your understanding of C06 Claims Processing principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace IC38 Life Insurance Agent Exam tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our C06 Claims Processing MCQs are your pathway to success in mastering this essential IC38 Life Insurance Agent Exam topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of C06 Claims Processing. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

So, are you ready to put your C06 Claims Processing knowledge to the test? Let's get started with our carefully curated MCQs!

C06 Claims Processing MCQs | Page 4 of 4

Discover more Topics under IC38 Life Insurance Agent Exam

Q31.
What is the primary role of the Insurance Ombudsman in resolving disputes?

a.

To advocate for the insured's interests

b.

To provide legal representation

c.

To mediate and make binding decisions on disputes

d.

To facilitate communication between the insurer and insured

Discuss
Answer: (c).To mediate and make binding decisions on disputes Explanation:The primary role of the Insurance Ombudsman is to mediate and make binding decisions on disputes between the insured and the insurer.
Q32.
Which of the following activities would not be categorised under professional settlement of claims?

a.

Seeking information relating to the cause of the loss

b.

Approaching the claim with a prejudice

c.

Ascertaining whether the loss was a result of an insured peril

d.

Quantifying the amount payable under the claim

Discuss
Answer: (b).Approaching the claim with a prejudice Explanation:The correct answer is b because approaching a claim with prejudice contradicts the principles of fairness, objectivity, and professionalism in claim settlement. It is important to treat each claim with an open mind and follow a fair and objective evaluation process.
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