11/5/25, 8:12 AM AIC 302 SIMULATED EXAM fully solved & updated 2025-2026(latest version verified for accuracy) (Questions + Answers) Solved 1…
AIC 302 SIMULATED EXAM fully solved &
updated 2025-2026(latest version verified for
accuracy) (Questions + Answers) Solved 100%
Correct!!
Save
Terms in this set (50)
Conor is handling an auto A calculated value of the child's future services to the
claim involving the death parents.
of a minor child in a state A calculated value of the child's future services to the
that recognizes the parents. Intrinsic value of children is the assumption
intrinsic value of children. that parents invest in children knowing that they will
Conor's proposed provide for them when they are older
settlement amount will
include
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,11/5/25, 8:12 AM AIC 302 SIMULATED EXAM fully solved & updated 2025-2026(latest version verified for accuracy) (Questions + Answers) Solved 1…
Cristobal has several Formula method involves a mathematical formula set
methods available to him by actuaries to set reserves.
as he evaluates the
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?
Anna injured her back in a Was covered because it was an unavoidable
not-at-fault auto accident consequence of the back injury. An intervening
and has a bodily injury problem is covered if it is an unavoidable
claim with the other consequence of the first injury.
driver's insurance
company. Later, she fell
and her back injury was
aggravated. Her claims
representative for the first
accident told her that the
aggravation of her back
injury
https://quizlet.com/1103593536/aic-302-simulated-exam-fully-solved-updated-2025-2026latest-version-verified-for-accuracy-questions-answers-solve… 2/22
, 11/5/25, 8:12 AM AIC 302 SIMULATED EXAM fully solved & updated 2025-2026(latest version verified for accuracy) (Questions + Answers) Solved 1…
Some personal auto Implied permission.
policies provide that Some policies provide for implied permission for the
someone could use of an insured's auto.
reasonably expect to be
allowed to use an
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 The term "harm" is potentially broader than the term
for emotional injury, a "injury"
claims rep must in determining coverage for emotional injury.
understand applicable
policy language.
Which one of the
following is correct?
Mehmet was seriously Pain and suffering can only be claimed if the
injured in an automobile decedent was conscious of the pain and suffering
collision and died after a before dying.
stay in the hospital. His
family is 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/1103593536/aic-302-simulated-exam-fully-solved-updated-2025-2026latest-version-verified-for-accuracy-questions-answers-solve… 3/22
AIC 302 SIMULATED EXAM fully solved &
updated 2025-2026(latest version verified for
accuracy) (Questions + Answers) Solved 100%
Correct!!
Save
Terms in this set (50)
Conor is handling an auto A calculated value of the child's future services to the
claim involving the death parents.
of a minor child in a state A calculated value of the child's future services to the
that recognizes the parents. Intrinsic value of children is the assumption
intrinsic value of children. that parents invest in children knowing that they will
Conor's proposed provide for them when they are older
settlement amount will
include
https://quizlet.com/1103593536/aic-302-simulated-exam-fully-solved-updated-2025-2026latest-version-verified-for-accuracy-questions-answers-solve… 1/22
,11/5/25, 8:12 AM AIC 302 SIMULATED EXAM fully solved & updated 2025-2026(latest version verified for accuracy) (Questions + Answers) Solved 1…
Cristobal has several Formula method involves a mathematical formula set
methods available to him by actuaries to set reserves.
as he evaluates the
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?
Anna injured her back in a Was covered because it was an unavoidable
not-at-fault auto accident consequence of the back injury. An intervening
and has a bodily injury problem is covered if it is an unavoidable
claim with the other consequence of the first injury.
driver's insurance
company. Later, she fell
and her back injury was
aggravated. Her claims
representative for the first
accident told her that the
aggravation of her back
injury
https://quizlet.com/1103593536/aic-302-simulated-exam-fully-solved-updated-2025-2026latest-version-verified-for-accuracy-questions-answers-solve… 2/22
, 11/5/25, 8:12 AM AIC 302 SIMULATED EXAM fully solved & updated 2025-2026(latest version verified for accuracy) (Questions + Answers) Solved 1…
Some personal auto Implied permission.
policies provide that Some policies provide for implied permission for the
someone could use of an insured's auto.
reasonably expect to be
allowed to use an
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 The term "harm" is potentially broader than the term
for emotional injury, a "injury"
claims rep must in determining coverage for emotional injury.
understand applicable
policy language.
Which one of the
following is correct?
Mehmet was seriously Pain and suffering can only be claimed if the
injured in an automobile decedent was conscious of the pain and suffering
collision and died after a before dying.
stay in the hospital. His
family is 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/1103593536/aic-302-simulated-exam-fully-solved-updated-2025-2026latest-version-verified-for-accuracy-questions-answers-solve… 3/22
