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CIP C112 Practical Issues In Claims Management
Exam Actual Exam Newest 2026-2027 Complete 150
Questions And Correct Detailed Answers| Already
Graded A+
when a company executes an audit to uncover the root cause of
an issue, unknown, immediately is an example of an -
ANSWER-emergency audit
Subrogation (definition) - ANSWER-is the right of an insurance
company that has paid a claim to step into the shoes of the
policyholder, in order to take
legal action against an at-fault third party to recover what was
paid.
In regards to subrogation, loss adjusters need to - ANSWER-1.
Promptly identify subrogation potential
2. Plan an intense investigation
3. Produce the type of evidence needed to establish legal
liability against a wrongdoer
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subrogation, when is an insurer not bound by a release signed by
the insured - ANSWER-if notice is given to the tortfeasor of the
insurer's interest. (case law the insurer is not bound by the
release)
Accident Benefits Ontario (even though DCA applies) -
ANSWER-Insurer can subrogate AB for
Vehicles that are more likely to be involved in claims resulting n
bodily injury (heavy commercial hits passenger vehicle,via loss
transfer payment).
Loss Transfer form (ON) - ANSWER-Request for
indemnification form is completed when payment is actually
requested.
Somersall v Freeman (2002) - insured was paid to the limits of
the policy by Third Party ($200k) at trial in exchange for a
release. Insured then sued own Insurer for the remainder of the
costs. - ANSWER-Courts agreed no prejudice as the insured was
limited to the TP policy and their damages where greater than
the agreed payout.
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Garnishee (definition) - ANSWER-legal process to seize the
property, money, earnings or receivables of a debtor that are
being held by a Third Party.
Laches - ANSWER-undue delay in asserting the claim or right
of claim (suffered some prejudice from delay)
Marshalling - ANSWER-enabling creditors to realize the
greatest possible recovery from a debtor
Law of equity over the common law - law of equity vs common
law - ANSWER-rule of equity wins
Indemnity agreement - ANSWER-protect the insurer's right to
recoup any losses or expenses paid on the bond
Quia Timet Order (Because he fears) - ANSWER-is an
injunction sought when the plaintiff wants to prevent harm
before it occurs (needs strong evidence harm will occur)
Mareva injunction - ANSWER-used in order to force a third
party to preserve their assets in anticipation of a recovery action.
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Anton Piller Order - ANSWER-granting civil authority for
search and seizure of relevant property (possessed unlawfully or
being used illegally)
what is the only province in which subrogation is sought in the
insurers name - ANSWER-Quebec (unless goes to federal court)
Litigation (definition) - ANSWER-carry on a legal contest or
legal challenge by judicial process.
Litigation Plan - ANSWER-Maps out how a case will proceed,
with a timetable that includes judicial deadlines and estimates
when the claim will be resolved. Includes time limit to respond
to pleadings.
interrogatories - ANSWER-written questions prepared by a
party to a civil action to serve on another person, who is
required to reply in writing under oath.
Counterclaims - ANSWER-denies the plaintiff allegations and
asserts an independent cause of action against the plaintiff.
(courts may exclude the Counterclaim)
CIP C112 Practical Issues In Claims Management
Exam Actual Exam Newest 2026-2027 Complete 150
Questions And Correct Detailed Answers| Already
Graded A+
when a company executes an audit to uncover the root cause of
an issue, unknown, immediately is an example of an -
ANSWER-emergency audit
Subrogation (definition) - ANSWER-is the right of an insurance
company that has paid a claim to step into the shoes of the
policyholder, in order to take
legal action against an at-fault third party to recover what was
paid.
In regards to subrogation, loss adjusters need to - ANSWER-1.
Promptly identify subrogation potential
2. Plan an intense investigation
3. Produce the type of evidence needed to establish legal
liability against a wrongdoer
,2|Page
subrogation, when is an insurer not bound by a release signed by
the insured - ANSWER-if notice is given to the tortfeasor of the
insurer's interest. (case law the insurer is not bound by the
release)
Accident Benefits Ontario (even though DCA applies) -
ANSWER-Insurer can subrogate AB for
Vehicles that are more likely to be involved in claims resulting n
bodily injury (heavy commercial hits passenger vehicle,via loss
transfer payment).
Loss Transfer form (ON) - ANSWER-Request for
indemnification form is completed when payment is actually
requested.
Somersall v Freeman (2002) - insured was paid to the limits of
the policy by Third Party ($200k) at trial in exchange for a
release. Insured then sued own Insurer for the remainder of the
costs. - ANSWER-Courts agreed no prejudice as the insured was
limited to the TP policy and their damages where greater than
the agreed payout.
,3|Page
Garnishee (definition) - ANSWER-legal process to seize the
property, money, earnings or receivables of a debtor that are
being held by a Third Party.
Laches - ANSWER-undue delay in asserting the claim or right
of claim (suffered some prejudice from delay)
Marshalling - ANSWER-enabling creditors to realize the
greatest possible recovery from a debtor
Law of equity over the common law - law of equity vs common
law - ANSWER-rule of equity wins
Indemnity agreement - ANSWER-protect the insurer's right to
recoup any losses or expenses paid on the bond
Quia Timet Order (Because he fears) - ANSWER-is an
injunction sought when the plaintiff wants to prevent harm
before it occurs (needs strong evidence harm will occur)
Mareva injunction - ANSWER-used in order to force a third
party to preserve their assets in anticipation of a recovery action.
, 4|Page
Anton Piller Order - ANSWER-granting civil authority for
search and seizure of relevant property (possessed unlawfully or
being used illegally)
what is the only province in which subrogation is sought in the
insurers name - ANSWER-Quebec (unless goes to federal court)
Litigation (definition) - ANSWER-carry on a legal contest or
legal challenge by judicial process.
Litigation Plan - ANSWER-Maps out how a case will proceed,
with a timetable that includes judicial deadlines and estimates
when the claim will be resolved. Includes time limit to respond
to pleadings.
interrogatories - ANSWER-written questions prepared by a
party to a civil action to serve on another person, who is
required to reply in writing under oath.
Counterclaims - ANSWER-denies the plaintiff allegations and
asserts an independent cause of action against the plaintiff.
(courts may exclude the Counterclaim)
