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Question

While calculating the claim outstanding at the end, which claims are considered?

A Only claim intimated Correct Answer Incorrect Answer
B Only claim accepted Correct Answer Incorrect Answer
C Claim intimated and accepted, both Correct Answer Incorrect Answer
D Neither claim intimated nor claim accepted Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

The statement indicates that both the claims that have been intimated (reported) and the claims that have been intimated and subsequently accepted are taken into account while calculating the claim outstanding at the end. This approach ensures that the calculation includes claims that have been reported and acknowledged as valid.

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