3/7/26, 7:08 PM AIC 302 SIMULATED EXAM Questions and Answers (Verified Answers) Study Guide (latest version verified for accuracy) | 2025\202…
AIC 302 SIMULATED EXAM Questions and
Answers (Verified Answers) Study Guide (latest
version verified for accuracy) | 2025\2026 Latest!!
Save
Terms in this set (50)
Conor is handling an auto claim A calculated value of the child's future services to
involving the death of a minor child the parents.
in a state that recognizes the intrinsic A calculated value of the child's future services to
value of children. Conor's proposed the parents. Intrinsic value of children is the
settlement amount will include assumption that parents invest in children knowing
that they will provide for them when they are older
Cristobal has several methods Formula method involves a mathematical formula
available to him as he evaluates the set by actuaries to set reserves.
settlement range for his claim:
individual case method, roundtable
technique, formula method, and
expert system. Which method should
Cristobal use if he is dealing with a
minor soft tissue claim and wants a
simple approach to achieve an early,
mutually agreeable settlement?
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,3/7/26, 7:08 PM AIC 302 SIMULATED EXAM Questions and Answers (Verified Answers) Study Guide (latest version verified for accuracy) | 2025\202…
Anna injured her back in a not-at- Was covered because it was an unavoidable
fault auto accident and has a bodily consequence of the back injury. An intervening
injury claim with the other driver's problem is covered if it is an unavoidable
insurance company. Later, she fell consequence of the first injury.
and her back injury was aggravated.
Her claims representative for the first
accident told her that the
aggravation of her back injury
Some personal auto policies provide Implied permission.
that someone could reasonably Some policies provide for implied permission for
expect to be allowed to use an the use of an insured's auto.
insured's vehicle even if they did not
ask specifically, such as a relative
visiting from out of town. This is
called
In determining coverage for The term "harm" is potentially broader than the
emotional injury, a claims rep must term "injury"
understand applicable policy in determining coverage for emotional injury.
language.
Which one of the following is
correct?
Mehmet was seriously injured in an Pain and suffering can only be claimed if the
automobile collision and died after a decedent was conscious of the pain and suffering
stay in the hospital. His family is before dying.
bringing a survival action claim for
medical expenses, pain and
suffering, loss of earnings, and
automobile repairs. Which one of the
following claims will be allowed only
if the family can demonstrate that
Mehmet was conscious after the
accident but before dying?
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, 3/7/26, 7:08 PM AIC 302 SIMULATED EXAM Questions and Answers (Verified Answers) Study Guide (latest version verified for accuracy) | 2025\202…
Claims reps can isolate specific Decision tree.
coverage issues that should be Claims reps can isolate specific coverage issues
investigated to determine whether that should be investigated to determine whether
exclusions apply by using a series of exclusions apply by using a series of yes-or-no
yes-or-no questions in the form of a questions in the form of a decision tree.
Caitlin was involved in a multi-car The use of a hands-free device while driving can
accident on a highway. The claims lead to a cognitive distraction.
representative for her insurance
company is making a case that
distracted driving by Mike, one of
the other drivers involved in the
accident, was a contributing cause of
the accident. The records indicate
that Mike was using a hands-free
device at the time of the accident.
Which one of the following
statements is true regarding the use
of a hands-free device while driving?
Sean is an auto liability claims All four elements of negligence exist in this
representative. He is working on a accident. There was a duty owed to others to
claim involving an insured driver who operate the vehicle safely, that duty was breached,
rear-ended another vehicle while and was the proximate cause of the resulting
driving in heavy traffic. No one was $3,400 in damages. There is no clear evidence of
injured, but there was $3,400 in negligence per se provided.
damage to the other vehicle. Which
one of the following statements is
correct regarding this accident?
https://quizlet.com/1152969702/aic-302-simulated-exam-questions-and-answers-verified-answers-study-guide-latest-version-verified-for-accuracy-20… 3/17
AIC 302 SIMULATED EXAM Questions and
Answers (Verified Answers) Study Guide (latest
version verified for accuracy) | 2025\2026 Latest!!
Save
Terms in this set (50)
Conor is handling an auto claim A calculated value of the child's future services to
involving the death of a minor child the parents.
in a state that recognizes the intrinsic A calculated value of the child's future services to
value of children. Conor's proposed the parents. Intrinsic value of children is the
settlement amount will include assumption that parents invest in children knowing
that they will provide for them when they are older
Cristobal has several methods Formula method involves a mathematical formula
available to him as he evaluates the set by actuaries to set reserves.
settlement range for his claim:
individual case method, roundtable
technique, formula method, and
expert system. Which method should
Cristobal use if he is dealing with a
minor soft tissue claim and wants a
simple approach to achieve an early,
mutually agreeable settlement?
https://quizlet.com/1152969702/aic-302-simulated-exam-questions-and-answers-verified-answers-study-guide-latest-version-verified-for-accuracy-20… 1/17
,3/7/26, 7:08 PM AIC 302 SIMULATED EXAM Questions and Answers (Verified Answers) Study Guide (latest version verified for accuracy) | 2025\202…
Anna injured her back in a not-at- Was covered because it was an unavoidable
fault auto accident and has a bodily consequence of the back injury. An intervening
injury claim with the other driver's problem is covered if it is an unavoidable
insurance company. Later, she fell consequence of the first injury.
and her back injury was aggravated.
Her claims representative for the first
accident told her that the
aggravation of her back injury
Some personal auto policies provide Implied permission.
that someone could reasonably Some policies provide for implied permission for
expect to be allowed to use an the use of an insured's auto.
insured's vehicle even if they did not
ask specifically, such as a relative
visiting from out of town. This is
called
In determining coverage for The term "harm" is potentially broader than the
emotional injury, a claims rep must term "injury"
understand applicable policy in determining coverage for emotional injury.
language.
Which one of the following is
correct?
Mehmet was seriously injured in an Pain and suffering can only be claimed if the
automobile collision and died after a decedent was conscious of the pain and suffering
stay in the hospital. His family is before dying.
bringing a survival action claim for
medical expenses, pain and
suffering, loss of earnings, and
automobile repairs. Which one of the
following claims will be allowed only
if the family can demonstrate that
Mehmet was conscious after the
accident but before dying?
https://quizlet.com/1152969702/aic-302-simulated-exam-questions-and-answers-verified-answers-study-guide-latest-version-verified-for-accuracy-20… 2/17
, 3/7/26, 7:08 PM AIC 302 SIMULATED EXAM Questions and Answers (Verified Answers) Study Guide (latest version verified for accuracy) | 2025\202…
Claims reps can isolate specific Decision tree.
coverage issues that should be Claims reps can isolate specific coverage issues
investigated to determine whether that should be investigated to determine whether
exclusions apply by using a series of exclusions apply by using a series of yes-or-no
yes-or-no questions in the form of a questions in the form of a decision tree.
Caitlin was involved in a multi-car The use of a hands-free device while driving can
accident on a highway. The claims lead to a cognitive distraction.
representative for her insurance
company is making a case that
distracted driving by Mike, one of
the other drivers involved in the
accident, was a contributing cause of
the accident. The records indicate
that Mike was using a hands-free
device at the time of the accident.
Which one of the following
statements is true regarding the use
of a hands-free device while driving?
Sean is an auto liability claims All four elements of negligence exist in this
representative. He is working on a accident. There was a duty owed to others to
claim involving an insured driver who operate the vehicle safely, that duty was breached,
rear-ended another vehicle while and was the proximate cause of the resulting
driving in heavy traffic. No one was $3,400 in damages. There is no clear evidence of
injured, but there was $3,400 in negligence per se provided.
damage to the other vehicle. Which
one of the following statements is
correct regarding this accident?
https://quizlet.com/1152969702/aic-302-simulated-exam-questions-and-answers-verified-answers-study-guide-latest-version-verified-for-accuracy-20… 3/17
