10 question insurance law test

True | False Test

10 Questions

Write Down Your Answers

1. An insurance company has exclusive control over the evaluation, processing and denial or payment of claims.

TRUE

2. Filing claims is an adversarial process. An insurance company must look out for their own interest first.

FALSE

3. An insurance company can request that the insured pay for their own claim investigation.

FALSE

4. An insurance company must have a reasonable basis for resolving factual issues in its favor and against its insured.

TRUE

5. An insurance company may not make unreasonably low claim payments.

TRUE

6. It is acceptable for an insurance company to under scope damage.

FALSE

7. The insured is required to provide the carrier with three estimates.

FALSE

8. The deductible for a hurricane is the same as a hail storm or fire peril.

FALSE

9. You must file your NFIP flood claim within one year after the flood.

TRUE

10. You cannot challenge the carrier’s determination that the property is underinsured.

FALSE

Total Your Score

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