Which one of the following controls often used by insurance companies involve a designated dollar amount...

Which one of the following controls often used by insurance companies involve a designated dollar amount assigned to claims personnel to limit the reserve amounts they can set and the payment amounts they can make? Select one: a. Access security b. Compliance assessment c. Financial review d. Authority level

Expert Solution

Option d

Authority level refers to the amount that claims personnel can be assigned so as to restrict the reserve amounts and payment amounts.

Access security refers to restriction on information access. Compliance assessment refers to checking the compliance levels of the necessary people. Financial review refers to review conducted by the Insurance company to judge the financial soundness of the insured.

jeff jeffy answered 1 year ago

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