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Bodily Injury 101

Total questions: 15

Worksheet time: 12mins

Name
Class
Date
1.

Select one answer: Why is timely contact so important?

a)

To meet CAR Standards

b)

To obtain the most accurate information before memories fade

c)

To help you set more accurate initial reserves

d)

To help determine liability sooner

e)

All of the Above

2.

Which is true of Compulsory BI coverage?

a)

It applies in any state

b)

It does not cover injuries to passengers in the IV

c)

The required limits are 50/100

d)

It applies if the IV is being used as a public livery/vehicle for hire

3.

How long do we have to respond to a request for our liability limits?

a)

10 days

b)

30 days

c)

2 weeks

d)

45 days

4.

Select all that would be considered Household Members

a)

a roommate

b)

a spouse

c)

a step-child

d)

a sibling

5.

Select all types of injuries or conditions that need to be reported to Home Office.

a)

Fatalities

b)

Spinal injuries

c)

Brain Injuries/seizures

d)

Significant internal injuries

e)

Vision or hearing loss

6.

True or false: We must input an injury type or Medicare will not be notified of an injury claim.

a)

True

b)

False

7.

True or False: When receiving a reassigned file, you should complete your own coverage, liability and damage review and then document the file with your note.

a)

False

b)

True

8.

Select all that apply. What might change if the insured was in an accident outside of Massachusetts?

a)

The tort threshold

b)

The statute of limitations

c)

The compulsory BI limit

d)

The comparative negligence law

e)

Adjuster licensing requirements

9.

True or False: Injury reserves should be set as soon as possible but always within 5 days

a)

False

b)

True

10.

Select all that apply.

a)

Reserves can reflect on a company's ability to write new business

b)

Reserves do not need to be reviewed once they are established

c)

Actuaries set money aside based on what we reserve

d)

Reserves may be increased or decreased throughout the life of the claim

11.

Treatment and disability periods for the same type of injury can vary based on each individual claimant.

a)

True

b)

False

12.

Select all that can be used to manage Bodily Injury claims

a)

Surveillance

b)

Record reviews

c)

Social media searches

d)

Locus photos and/or video

e)

ISO

13.

Our insured rearended the cmt vehicle, and we have a 100/300 policy. You discover that the cmt will need back surgery. What else will you need to do? Select all that apply.

a)

Nothing if you already have the reserve set at 100k

b)

Notify your TM

c)

Call the insured and send an excess letter

d)

Find out if the insured has an Umbrella policy and who the carrier is

14.

Your TM will be happy if you always check ISO for prior and subsequent losses throughout the life of a BI claim.

a)

True

b)

False

15.

Your TM will be happy if your files reflect a lot of Adverse Development.

a)

True

b)

False