OC1 - Module 10 - Risk Control and Premium Auditing

oc1-module-10-risk-control-and-premium-auditing

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10-A crucial responsibility of the premium auditing function is to

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10-Lily, a premium auditor, works for Worthley Insurance Company. She has recently audited Taunton's Trucking. Which one of the following cases illustrates how Lily assists underwriting?

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10-A crucial responsibility of the premium auditing function is to classify insured exposures correctly. Underwriting must establish the classifications

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10-In which one of the following ways are premium auditors most helpful to claim representatives?

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10-Barbara visited a commercial insured's premises, met with the management, reviewed business records, and observed the employees and the operations of the business. Her activities provide valuable information to many insurer functions. Barbara is most likely

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10-Premium auditor Dennis was inspecting an insured's work site which appeared to run smoothly. However in questioning the employees, Dennis learned that they were apathetic toward equipment maintenance. They entered false information into the maintenance logs and skipped scheduled facility cleaning sessions. This type of situation uncovered by Dennis is indicative of

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10-Martina, a premium auditor for Cintriell Insurance Company is conducting a premium audit for Carolina's Cookies. Carolina mentioned to Martina that she is opening a coffee shop at another location. By sharing this information, Martina would provide a contribution to which one of the following insurer functions?

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10-Claims information can be valuable to premium auditing in the verification of employment classifications. However, premium auditing provides an even more valuable contribution to the claims function by verifying or correcting the

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10-Which one of the following may be the only insurer representative that meets insureds, sees their operation, and reviews their financial records?

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10-During a premium audit the insured mentioned plans to expand operations and erect new buildings to Gail, the premium auditor. Gail can benefit both the insured and the insurer by notifying

Select the correct answer(s).

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600

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10-Ida, a premium auditor for Millwright Insurance Company, is conducting an audit at Antonia's Kitchen Shop. Ida has prepared values for Antonia's inventory. Which one of the following insurer functions is Ida contributing to?

Select the correct answer(s).

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600

none

10-In which one of the following ways are premium auditors most helpful to claim representatives?

Select the correct answer(s).

(0/0)

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600

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10-Premium auditor Ralph became concerned about an increase in hazard from the insured's chemical operations. In an audit Ralph discovered the plant had added a product that could greatly increase the products liability exposure. Due to the misclassification of the current loss exposures, the information discovered by Ralph is most useful to which one of the following insurer functions?

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OC1 - Module 10 - Risk Control and Premium Auditing

Question 1 of 1

Time Left

10-A crucial responsibility of the premium auditing function is to

Select the correct answer(s).

(0/0)

10-Lily, a premium auditor, works for Worthley Insurance Company. She has recently audited Taunton's Trucking. Which one of the following cases illustrates how Lily assists underwriting?

Select the correct answer(s).

(0/0)

10-A crucial responsibility of the premium auditing function is to classify insured exposures correctly. Underwriting must establish the classifications

Select the correct answer(s).

(0/0)

10-In which one of the following ways are premium auditors most helpful to claim representatives?

Select the correct answer(s).

(0/0)

10-Barbara visited a commercial insured's premises, met with the management, reviewed business records, and observed the employees and the operations of the business. Her activities provide valuable information to many insurer functions. Barbara is most likely

Select the correct answer(s).

(0/0)

Select the correct answer(s).

(0/0)

Select the correct answer(s).

(0/0)

10-Claims information can be valuable to premium auditing in the verification of employment classifications. However, premium auditing provides an even more valuable contribution to the claims function by verifying or correcting the

Select the correct answer(s).

(0/0)

10-Which one of the following may be the only insurer representative that meets insureds, sees their operation, and reviews their financial records?

Select the correct answer(s).

(0/0)

10-During a premium audit the insured mentioned plans to expand operations and erect new buildings to Gail, the premium auditor. Gail can benefit both the insured and the insurer by notifying

Select the correct answer(s).

(0/0)

10-Ida, a premium auditor for Millwright Insurance Company, is conducting an audit at Antonia's Kitchen Shop. Ida has prepared values for Antonia's inventory. Which one of the following insurer functions is Ida contributing to?

Select the correct answer(s).

(0/0)

10-In which one of the following ways are premium auditors most helpful to claim representatives?

Select the correct answer(s).

(0/0)

Select the correct answer(s).

(0/0)

10-Which one of the following statements is correct with regard to the risk control function of insurers?

Select the correct answer(s).

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10-Which one of the following statements is correct?

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