📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    A demand made by the insured, or the insured’s

    beneficiary, for payment of the benefits as provided by the policy is known as?
    A Claim Correct Answer Incorrect Answer
    B Request Correct Answer Incorrect Answer
    C Demanding Correct Answer Incorrect Answer
    D Aggregate Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    An insurance claim is a formal request to an insurance company for coverage or compensation for a covered loss or policy event. The insurance company validates the claim and, once approved, issues payment to the insured or an approved interested party on behalf of the insured.

    Practice Next
    More Insurance Awareness Questions
    ask-question