Podcast
Questions and Answers
What is NOT part of the documents needed when one of your case settles for UM/UIM policy?
What is NOT part of the documents needed when one of your case settles for UM/UIM policy?
- Release form
- Waiver of Asset Search (correct)
- Signed release form
- Copy of the settlement check
When should the arrival of the settlement check be expected post-release sign up for UM/UIM or Defendant Policy?
When should the arrival of the settlement check be expected post-release sign up for UM/UIM or Defendant Policy?
- Within 2 weeks
- Within 1 year
- Within 1 month (correct)
- Within 6 months
What must be done if the "insured" or defendant has "disappeared" and defendant insurance is saying they can't provide a signed copy of the disclosure of no assets/course and scope?
What must be done if the "insured" or defendant has "disappeared" and defendant insurance is saying they can't provide a signed copy of the disclosure of no assets/course and scope?
- Ignore and send release forms signed
- Call Justin directly
- Wait 1 month for the adjuster to send the document
- Escalate to my Secondary or Manager (correct)
There is NO legal issue is we send a signed release form without signed declaration page and Disclosure of Assets and Course and Scope.
There is NO legal issue is we send a signed release form without signed declaration page and Disclosure of Assets and Course and Scope.
The possibility of doing an asset search on the Defendant needs to be discussed with the client when an offer for policy limits is presented.
The possibility of doing an asset search on the Defendant needs to be discussed with the client when an offer for policy limits is presented.
What action is advised if a client agrees to an asset search?
What action is advised if a client agrees to an asset search?
If a client does not believe we received an offer for policy limits what letter should we send them to sign and review?
If a client does not believe we received an offer for policy limits what letter should we send them to sign and review?
What clause can be added to the release forms or what letter can we send to an adjuster to clarify we will take responsibility for the payment of any and all government liens related to a case?
What clause can be added to the release forms or what letter can we send to an adjuster to clarify we will take responsibility for the payment of any and all government liens related to a case?
We should always audit if there is any Medpay available and request a demand to be sent out.
We should always audit if there is any Medpay available and request a demand to be sent out.
Where should all documents related to the settlement be saved?
Where should all documents related to the settlement be saved?
Flashcards
UM/UIM Settlement - Asset Search Waiver
UM/UIM Settlement - Asset Search Waiver
A waiver of asset search is NOT part of documents needed when a case settles under UM/UIM policies.
Settlement Check Arrival Time (UM/UIM)
Settlement Check Arrival Time (UM/UIM)
Settlement checks for UM/UIM or defendant policies should arrive within one month post-release signup.
Missing Defendant - Insurance Issue
Missing Defendant - Insurance Issue
If an insured or defendant disappears and insurance won't provide a signed disclosure of no assets, escalate to secondary or manager.
Release Form - Declaration Page - Legal Issue
Release Form - Declaration Page - Legal Issue
Signup and view all the flashcards
Defendant Asset Search - Client Discussion
Defendant Asset Search - Client Discussion
Signup and view all the flashcards
Client's Consent - Asset Search - Action
Client's Consent - Asset Search - Action
Signup and view all the flashcards
Policy Limit Offer - Missing Letter
Policy Limit Offer - Missing Letter
Signup and view all the flashcards
Hold Harmless Clause - Government Liens
Hold Harmless Clause - Government Liens
Signup and view all the flashcards
MedPay Audit
MedPay Audit
Signup and view all the flashcards
Settlement Document Storage
Settlement Document Storage
Signup and view all the flashcards
