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      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.

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