AIC 301 Associate in Claims exam
EXAM COVERAGE - AIC 301 Associate in Claims Exam
The AIC 301 Associate in Claims Exam evaluates knowledge of legal
and contractual principles that guide insurance claims handling and
settlement practices. Key topics include contract law fundamentals,
such as offer and acceptance, consideration, enforceability, implied
contracts, waiver, and estoppel. The exam covers legal liability and
tort concepts, including negligence, damages, and legal defenses that
affect claim determinations. Candidates are tested on property rights
and ownership laws, including community property, separate property,
and assignment of rights. Additional areas include commercial and
transportation documents, such as bills of lading, as well as the legal
responsibilities of carriers and other parties involved in the handling of
,goods. The exam also assesses the authority and responsibilities of
claims professionals, ethical conduct, and dispute resolution practices.
Emphasis is placed on applying legal principles to real-world claims
scenarios to ensure accurate, fair, and legally compliant claim
handling and settlement.
,Physician Betty administered medical services to stroke victim Karl
who was unconscious. She provided medication and direction and
followed all procedures. When Karl woke up, he refused other
medical services and he also indicated that he could not be held
liable for any expenses that he did not personally authorize or to
which he did not consent. It is likely that Karl might be required to pay
the reasonable value of the services received based on
Select one:
A. A unilateral contract.
B. An implied-in-law contract.
C. An implied-in-fact contract.
D. An executory contract.
B. An implied-in-law contract.
, One purpose served by a bill of lading is to serve as
Select one:
A. An endorsement to a document of title.
B. A description of goods in a warehouse.
C. The receipt of goods by the carrier for delivery.
D. A contract for the storage of goods.
C. The receipt of goods by the carrier for delivery.
EXAM COVERAGE - AIC 301 Associate in Claims Exam
The AIC 301 Associate in Claims Exam evaluates knowledge of legal
and contractual principles that guide insurance claims handling and
settlement practices. Key topics include contract law fundamentals,
such as offer and acceptance, consideration, enforceability, implied
contracts, waiver, and estoppel. The exam covers legal liability and
tort concepts, including negligence, damages, and legal defenses that
affect claim determinations. Candidates are tested on property rights
and ownership laws, including community property, separate property,
and assignment of rights. Additional areas include commercial and
transportation documents, such as bills of lading, as well as the legal
responsibilities of carriers and other parties involved in the handling of
,goods. The exam also assesses the authority and responsibilities of
claims professionals, ethical conduct, and dispute resolution practices.
Emphasis is placed on applying legal principles to real-world claims
scenarios to ensure accurate, fair, and legally compliant claim
handling and settlement.
,Physician Betty administered medical services to stroke victim Karl
who was unconscious. She provided medication and direction and
followed all procedures. When Karl woke up, he refused other
medical services and he also indicated that he could not be held
liable for any expenses that he did not personally authorize or to
which he did not consent. It is likely that Karl might be required to pay
the reasonable value of the services received based on
Select one:
A. A unilateral contract.
B. An implied-in-law contract.
C. An implied-in-fact contract.
D. An executory contract.
B. An implied-in-law contract.
, One purpose served by a bill of lading is to serve as
Select one:
A. An endorsement to a document of title.
B. A description of goods in a warehouse.
C. The receipt of goods by the carrier for delivery.
D. A contract for the storage of goods.
C. The receipt of goods by the carrier for delivery.
