Use of credit information in rate determination for a new applicant requires Agreement of producer Disclosure to insured Agreement of insured Notification to the insurance department Failing to affirm or deny coverage of claims within a reasonable time after proof of lose statements have been completed is Violation of the Prompt Pay status Violation of the policy provisions Unfair claim settlement practice Unfair claim arbitration standard

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
M4
Use of credit information in rate determination for a
new applicant requires
Agreement of producer
Disclosure to insured
Agreement of insured
Notification to the insurance department
Failing to affirm or deny coverage of claims within a
reasonable time after proof of lose statements have
been completed is
Violation of the Prompt Pay status
Violation of the policy provisions
Unfair claim settlement practice
Unfair claim arbitration standard
Transcribed Image Text:Use of credit information in rate determination for a new applicant requires Agreement of producer Disclosure to insured Agreement of insured Notification to the insurance department Failing to affirm or deny coverage of claims within a reasonable time after proof of lose statements have been completed is Violation of the Prompt Pay status Violation of the policy provisions Unfair claim settlement practice Unfair claim arbitration standard
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