Question

T and F

10. _ _ If an audit discloses that the insured's payroll or operations are less that predicted, the insurance company gets to keep any excess premium. 11._ Judgment, Average Value and Tabular are three loss reserving methods. 12. Faulty design, faulty construction and defective materials are types of property losses which the claims adjuster can pay without any detailed investigation. 13. Decentralized claims organizations require fewer resources, fewer personnel, and is more efficient than a centralized claims organization. 14.__ _Public Claims Adjustors are hired by insurance companies to investigate fraudulent claims.

Answer 1

10 True

11 False

12 False

13 True

14 True

all the true false are mentioned above