Question: 2. After an initial reserve has been established for a given claim, the reserve amount is (Search Chapter 13) o a. adjusted as additional information
2. After an initial reserve has been established for a given claim, the reserve amount is (Search Chapter 13) o a. adjusted as additional information becomes available. b. adjusted only when written documentation becomes available. o c. never modified until the claim has been resolved. o d. periodically adjusted for inflation. 3. When a claim is made, the claims adjuster assesses the claim's value in terms of liability and damages and sets aside monies to pay for its resolution. Which claims should be reserved? (Search Chapter 13) o a. All claims exceeding a dollar amount set by state regulators o b. All claims exceeding a dollar amount set by the insurance company o c. All claims except report-only incident reports o d. All claims including report-only incident reports
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