🎧 New: AI-Generated Podcasts Turn your study notes into engaging audio conversations. Learn more

DEMANDS AND STRATEGY
11 Questions
20 Views

DEMANDS AND STRATEGY

Created by
@FruitfulCognition

Podcast Beta

Play an AI-generated podcast conversation about this lesson

Questions and Answers

The demands are divided into to parts: the demand it self and the exhibits.

True

From the information in the Declaration Pages we can know if the client was under course and scope

True

Most of the different doctors on a case have constant communication.

False

We can proceed with surgery even if the client hasn't got any invasive procedure before (ESI, PRP, MBB).

<p>False</p> Signup and view all the answers

The insurance companies have the right to ask for the recommendations for future procedures.

<p>True</p> Signup and view all the answers

We try to open policy even if the case has no value.

<p>False</p> Signup and view all the answers

We must always open policy after the first demand is rejected.

<p>False</p> Signup and view all the answers

We can open policy even if the client doesn't want more treatment.

<p>False</p> Signup and view all the answers

What is the importance of the clarity of a demand letter?

<p>It ensures that the amount claimed is worth more than the policy limit</p> Signup and view all the answers

What can happen if a demand letter is sent too soon for one party?

<p>It results in a lower settlement</p> Signup and view all the answers

What is a common tactic when the first demand is rejected?

<p>Send a second offer below policy limits</p> Signup and view all the answers

Study Notes

  • The clarity of a demand letter is important to ensure that the amount being claimed is worth more than the policy limit.

  • One case involved sending a demand letter for both parties, but it was too soon for one party and resulted in a lower settlement.

  • The first counter offer received was not as anticipated, so a second counter offer was sent with a summary of facts, injuries, and policy limits.

  • Sending a second offer to pass out over policy limits is a common tactic when the first demand is rejected.

  • If the second offer is not tendered, the plaintiff must decide whether to accept an offer below policy or stick to the policy limit.

  • In the case discussed, the demand amount was too aggressive and could be perceived as undervaluing the case.

  • It's important to carefully consider all strategies before sending out a demand letter to avoid mistakes.

  • The clarity of a demand letter is important to ensure that the amount being claimed is worth more than the policy limit.

  • One case involved sending a demand letter for both parties, but it was too soon for one party and resulted in a lower settlement.

  • The first counter offer received was not as anticipated, so a second counter offer was sent with a summary of facts, injuries, and policy limits.

  • Sending a second offer to pass out over policy limits is a common tactic when the first demand is rejected.

  • If the second offer is not tendered, the plaintiff must decide whether to accept an offer below policy or stick to the policy limit.

  • In the case discussed, the demand amount was too aggressive and could be perceived as undervaluing the case.

  • It's important to carefully consider all strategies before sending out a demand letter to avoid mistakes.

Studying That Suits You

Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

Quiz Team

More Quizzes Like This

Future Energy Demands Quiz
5 questions
Physical Demands of Nursing Profession
3 questions
How to Write Demands Efficiently
10 questions
Use Quizgecko on...
Browser
Browser