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All of the Following Statements About Claims Settlement Are True

Question 19

Multiple Choice

All of the following statements about claims settlement are true EXCEPT


A) Agents may have the authority to settle claims.
B) Independent adjustors may be used in a geographic area where the volume of business is too low for an insurer to have its own adjustors.
C) Company adjustors are salaried employees who work for one insurer.
D) A public adjustor is usually paid a flat fee regardless of the size of a claim.

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