Question

In: Operations Management

Which has the burden of proof concerning an insurance claim? a. insured b. insurer c. third...

Which has the burden of proof concerning an insurance claim?

a. insured

b. insurer

c. third party

d. court

e. none of these

Solutions

Expert Solution

Answer: a: Insured

Explanation: Burden of proof that the insured person should get a claim is filed by the insured person. The burden of proof is a document that explains the legality and reasonability of receiving a claim.


Related Solutions

In 1998, Congress passed legislation concerning shifting the burden of proof to the IRS. The taxpayer...
In 1998, Congress passed legislation concerning shifting the burden of proof to the IRS. The taxpayer must introduce "credible evidence" to shift the burden of proof to the IRS. What constitutes "credible evidence?"
An insured may borrow or withdraw the cash value from the insurer when need for insurance...
An insured may borrow or withdraw the cash value from the insurer when need for insurance protection has not yet lapsed. True False
Who bears the burden of proof has consequences for which side may prevail in a court...
Who bears the burden of proof has consequences for which side may prevail in a court of law--and in other contexts as well. The burden of proof at NASA, in the 1970s, was on those who claimed a spacecraft was safe to launch. Just prior to the 1986 Challenger disaster, the burden was shifted: the vehicle was presumed safe, and engineers raising doubts about its safety bore the burden of proving 'genuine risk' in order to stop the launch. Morton...
3. An insurer finds that the time until occurrence of a claim from its property insurance...
3. An insurer finds that the time until occurrence of a claim from its property insurance division is exponentially distributed with a mean of 1 unit of time, and the time until occurrence of a claim from its life insurance division is exponentially distributed with a mean of 2 unites of time. Claims occur independently in the two divisions. Find the expected time until the first claim occurrence, property of life.
Suppose a particular life insurance policy has an expected profit for the insurer of $32. Which...
Suppose a particular life insurance policy has an expected profit for the insurer of $32. Which of the following is the best interpretation of this value. a) The company will earn an average of $32 for each additional policy sold. b) The company can expect a profit of $32 for each policy. c) When the company sells a policy, it is guaranteed a $32 profit. d) The company will earn $32 for each policy sold.
Find the proof of the following ((a ∧ b) ∨ (c ∧ d)), (a → e),...
Find the proof of the following ((a ∧ b) ∨ (c ∧ d)), (a → e), (b → f), (c → f), (d → e) ⊢ e
A claims representative suspects that an insured has committed fraud in submitting a claim for stolen...
A claims representative suspects that an insured has committed fraud in submitting a claim for stolen property by including items that were not stolen. The claims representative believes that the insurer can deny the claim because of the fraud but does not have sufficient evidence to meet the legal standards to prove fraud. The claims representative considers offering less that a fair amount to settle the claim in hopes that the insured will accept the settlement. This course of action...
An insurance contract which specifies that the insurer pay apreset amount upon the happening of...
An insurance contract which specifies that the insurer pay a preset amount upon the happening of some contingency is called:A. a valued contract.B. an indemnity contract.C. a coinsurance contract.D. an insurance-to-value contract.
Which of the following statements concerning the eligibility requirements of insured disability income plans is correct?...
Which of the following statements concerning the eligibility requirements of insured disability income plans is correct? A. Short-term plans sometimes limit eligibility to salary employees only. B. Long-term plans often limit eligibility to union employees only. C. Most plans require an employee to be actively at work before coverage will commence. D. Short-term plans tend to have longer probationary periods than do long-term plans.
Which of the following statements is incorrect? A.        Insurance provides a payment to the insured under...
Which of the following statements is incorrect? A.        Insurance provides a payment to the insured under conditions specified by the insurance policy contract. B.         Individuals who are less exposed to specific conditions that cause financial damage are more likely to purchase insurance against those conditions. C.         Insurance can cause the insured to take more risks because they are protected. D.        Insurance companies employ underwriters to calculate the risk of specific insurance policies.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT