Free CFE Exam Braindumps (page: 16)

Page 16 of 105

What is based on the principle that for a service rendered (i.e., the payment of the indemnity claim), the insured assigns to the insurer any rights that may inure to the insured from third parties.

  1. Salvage
  2. Indemnity payment
  3. Subrogation
  4. Reinsurance resource

Answer(s): C



Expenses that are identified by the state and coverage code of the related claim to properly match the costs to the policy and earned premium are called:

  1. Loss adjustment expense
  2. Defense and Cost Containment
  3. Adjusting and Other
  4. Surveillance expense

Answer(s): B



Loss Notification, Coverage Triggers, Data Maintenance/Accuracy are all categories of:

  1. Loss notification
  2. Claim adjusters
  3. Company adjusters
  4. Claim processing

Answer(s): D



What is the summation of many claims triggered from a common event may have one general claim file and subsidiary files to contain the facts surrounding the individual claims?

  1. aggregate claim
  2. partner's claim
  3. adjuster's claim
  4. coverage trigger

Answer(s): A



Page 16 of 105



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sena commented on May 31, 2019
I will see if this helps
TURKEY
upvote