QUESTION: 61

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.

Salvage
Indemnity payment
Subrogation
Reinsurance resource

Answer(s): C

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QUESTION: 62

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:

Loss adjustment expense
Defense and Cost Containment
Adjusting and Other
Surveillance expense

Answer(s): B

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QUESTION: 63

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

Loss notification
Claim adjusters
Company adjusters
Claim processing

Answer(s): D

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QUESTION: 64

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?

aggregate claim
partner's claim
adjuster's claim
coverage trigger

Answer(s): A

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Free Financial CFE Exam Braindumps (page: 17)

QUESTION: 61

QUESTION: 62

QUESTION: 63

QUESTION: 64

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