RISK 112 (Ch.7)

If the insured is unable to work due to injuries caused by a vehicle collision, he will be eligible to receive ……………….

• Caregiver benefits.

• Premier discount.

• Income replacement benefit.

• Deductible.

If the insurer refuses to pay a claim because of an exclusion, then a burden of proof shifts to …………………

• The insured.

• The reinsurer.

• The insurer.

• The broker.

The adequacy of insurance companies' reserves to meet current and future obligations is monitored by ……………….

• Regulators.

• Reinsurer.

• Insured.

• Agent.

…………… is a request for compensation presented by the insured to the insurance company either for direct loss or for the loss occurred to a third party.

• Underwriting.

• Deductible.

• Premium.

• Claim.

This benefit is available if, at the time of the collision, the insured is continuing education program and, as a result of the collision, he is unable to continue the program.

• Home maintenance benefit.

• Non -earner benefit.

• Rehabilitation benefit.

• Lost educational expenses.

----------------------is the process that a company carries out in order to assess the level of funds that are required to meet current and future claims liabilities.

• Classification system.

• Accidents benefits.

• Claims reserving.

• Outstanding claims reserves.

A claim form to be filled by the insured, which may be done over the telephone or internet.

• Accident report form.

• Set up a claim file.

• Claim notification.

• A claims handler.

If the insured cannot work because of the injuries caused by a motor vehicle collision and if he is eligible, this benefit will partially compensate him for the loss of his income:

• Non -earner benefit.

• Funeral benefit.

• Caregiver benefit.

• Income replacement benefit.

The insured cannot claim for a lost or damaged item without proving its value.

• True

• False

Any person is eligible to receive accident benefits, if he was breach of the law at the time of the collision.

• True

• False