AIC 300 QUESTIONS VERIFIED BY
EXPERTS 2025 UPDATED
As a claims representative, Joshua frequently requests proofs of loss and affidavits, and conducts
examinations under oath and recorded statements. Which one of Joshua's sworn statements is
administered by the insurer's attorney at the office of the insurer, attorney, or court reporter?
A. Affadivit
B. Recorded statement
C. Proof of loss
D. Examination under oath - CORRECT ANSWER>>>D. Examination under oath
Examination under oath is administered by the attorney for the insurer after notice is issued to
appear at the office of the insurer, attorney, or court reporter.
Which one of the following can be applied over time to refine a model to better predict results?
A. Regression
B. Association rule learning
C. Machine learning
D. Statistics - CORRECT ANSWER>>>C. Machine learning
Machine learning can be applied over time to refine a model to better predict results.
Conor is a claims representative whose supervisor is reviewing his claim status notes. The
supervisor took exception with one of Conor's notes, which read, "The claimant is obviously
lying because his account of how the accident happened keeps changing." The supervisor should
advise Conor that this statement is inappropriate because it is not:
A. Objective
B. Concise
C. Accurate
D. Clear - CORRECT ANSWER>>>A. Objective
Claim status notes should contain objective comments about the parties, and this statement is
subjective.
Leila is conducting a claims investigation and is taking a recorded statement from the claimant.
She wants a simple yes-or-no answer to prevent the interviewee from explaining the answer
further. She asks, "You experienced back pain immediately when you lifted the box, didn't you?"
Leila has asked a(n)
A. Direct Question
B. Leading Question
C. Open-Ended Question
D. Indirect Question - CORRECT ANSWER>>>B. Leading Question
The NAIC model act specifies that its provisions regarding bad-faith claims are to be enforced
by
A. NAIC personnel.
B. Insurer personnel, on the honor system.
C. State insurance departments.
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, D. The Federal Trade Commission. - CORRECT ANSWER>>>C. State insurance departments.
The NAIC model act specifies that its provisions regarding bad-faith claims are to be enforced
by state insurance departments.
Ida was named in a bad-faith lawsuit as the claims representative who handled the file. The court
dismissed the suit, however, because the statute of limitations had expired. This means that
A. She was immune to prosecution as an employee.
B. The limits of the policy had been exceeded.
C. There was no basis to pierce the corporate veil.
D. Too much time had expired after the claim concluded. - CORRECT ANSWER>>>D. Too
much time had expired after the claim concluded.
A statute of limitations is a law that stipulates the length of time after an event during which
legal proceedings may be initiated.
Thomas is an attorney who is defending an insurer in a litigated case. He has located documents
that show the insured was aware of the issue that cause the injury to the claimant before the
accident. Thomas is concerned that this evidence will hurt his case. He should
A. Preserve the evidence as part of the record.
B. File a motion in limine to exclude the evidence.
C. File a motion to suppress the evidence.
D. Destroy the evidence to make the defense stronger. - CORRECT ANSWER>>>A. Preserve
the evidence as part of the record.
An insurer defending a first-party coverage lawsuit could be found liable if evidence is
intentionally or negligently lost or destroyed.
Insurers and claim representatives must keep the promises specified in insurance policies, as well
as those created by the law. In insurance transactions, the insured pays a premium for the
insurer's promise to
A. Handle claims in good faith.
B. Comply with federal insurance laws.
C. Compete fairly in the insurance market.
D. Settle all losses in the insured's best interests. - CORRECT ANSWER>>>A. Handle claims in
good faith.
In insurance transactions, the insured pays a premium for the insurer's promise to handle claims
in good faith.
Among the methods used to pay claims are the issuance of checks and bank drafts. The main
difference between the two is that
A. Only bank drafts may be used for claim payments in excess of $10,000.
B. With a bank draft, the bank must verify that the insurer has authorized payment.
C. With a check, the bank must verify that the insurer has authorized payment.
D. Only checks may be used for claim payments in excess of $10,000. - CORRECT
ANSWER>>>B. With a bank draft, the bank must verify that the insurer has authorized
payment.
With a bank draft, the bank must verify that the insurer has authorized payment before disbursing
funds.
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EXPERTS 2025 UPDATED
As a claims representative, Joshua frequently requests proofs of loss and affidavits, and conducts
examinations under oath and recorded statements. Which one of Joshua's sworn statements is
administered by the insurer's attorney at the office of the insurer, attorney, or court reporter?
A. Affadivit
B. Recorded statement
C. Proof of loss
D. Examination under oath - CORRECT ANSWER>>>D. Examination under oath
Examination under oath is administered by the attorney for the insurer after notice is issued to
appear at the office of the insurer, attorney, or court reporter.
Which one of the following can be applied over time to refine a model to better predict results?
A. Regression
B. Association rule learning
C. Machine learning
D. Statistics - CORRECT ANSWER>>>C. Machine learning
Machine learning can be applied over time to refine a model to better predict results.
Conor is a claims representative whose supervisor is reviewing his claim status notes. The
supervisor took exception with one of Conor's notes, which read, "The claimant is obviously
lying because his account of how the accident happened keeps changing." The supervisor should
advise Conor that this statement is inappropriate because it is not:
A. Objective
B. Concise
C. Accurate
D. Clear - CORRECT ANSWER>>>A. Objective
Claim status notes should contain objective comments about the parties, and this statement is
subjective.
Leila is conducting a claims investigation and is taking a recorded statement from the claimant.
She wants a simple yes-or-no answer to prevent the interviewee from explaining the answer
further. She asks, "You experienced back pain immediately when you lifted the box, didn't you?"
Leila has asked a(n)
A. Direct Question
B. Leading Question
C. Open-Ended Question
D. Indirect Question - CORRECT ANSWER>>>B. Leading Question
The NAIC model act specifies that its provisions regarding bad-faith claims are to be enforced
by
A. NAIC personnel.
B. Insurer personnel, on the honor system.
C. State insurance departments.
1
, D. The Federal Trade Commission. - CORRECT ANSWER>>>C. State insurance departments.
The NAIC model act specifies that its provisions regarding bad-faith claims are to be enforced
by state insurance departments.
Ida was named in a bad-faith lawsuit as the claims representative who handled the file. The court
dismissed the suit, however, because the statute of limitations had expired. This means that
A. She was immune to prosecution as an employee.
B. The limits of the policy had been exceeded.
C. There was no basis to pierce the corporate veil.
D. Too much time had expired after the claim concluded. - CORRECT ANSWER>>>D. Too
much time had expired after the claim concluded.
A statute of limitations is a law that stipulates the length of time after an event during which
legal proceedings may be initiated.
Thomas is an attorney who is defending an insurer in a litigated case. He has located documents
that show the insured was aware of the issue that cause the injury to the claimant before the
accident. Thomas is concerned that this evidence will hurt his case. He should
A. Preserve the evidence as part of the record.
B. File a motion in limine to exclude the evidence.
C. File a motion to suppress the evidence.
D. Destroy the evidence to make the defense stronger. - CORRECT ANSWER>>>A. Preserve
the evidence as part of the record.
An insurer defending a first-party coverage lawsuit could be found liable if evidence is
intentionally or negligently lost or destroyed.
Insurers and claim representatives must keep the promises specified in insurance policies, as well
as those created by the law. In insurance transactions, the insured pays a premium for the
insurer's promise to
A. Handle claims in good faith.
B. Comply with federal insurance laws.
C. Compete fairly in the insurance market.
D. Settle all losses in the insured's best interests. - CORRECT ANSWER>>>A. Handle claims in
good faith.
In insurance transactions, the insured pays a premium for the insurer's promise to handle claims
in good faith.
Among the methods used to pay claims are the issuance of checks and bank drafts. The main
difference between the two is that
A. Only bank drafts may be used for claim payments in excess of $10,000.
B. With a bank draft, the bank must verify that the insurer has authorized payment.
C. With a check, the bank must verify that the insurer has authorized payment.
D. Only checks may be used for claim payments in excess of $10,000. - CORRECT
ANSWER>>>B. With a bank draft, the bank must verify that the insurer has authorized
payment.
With a bank draft, the bank must verify that the insurer has authorized payment before disbursing
funds.
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