NAME: ________________________

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of 41 available terms

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5 Written Questions

5 Matching Questions

  1. Department of Insurance
  2. Marketing Department
  3. Malice
  4. Individual Insurance
  5. Internal Fraud
  1. a responsible for presenting insurance products to the company's customers
  2. b entire insurance industry is overseen by a larger body
  3. c which involves the employees of the company against which the fraud is perpetrated
  4. d as intentional conduct to cause injury or conduct that is carried on with the conscious disregard of the rights of others
  5. e issued to insure the life or health of a named person or persons

5 Multiple Choice Questions

  1. deception to cause a person to give up property or something of lawful right
  2. are designed to compensate an insured for all of the actual losses or damages to make that person whole again
  3. is an agreement whereby companies collect fees or "premiums" from individuals or companies on a regular basis
  4. often the larger of the two awards and are intended primarily to punish wrongdoing by the defendant and make an example of them to help deter such actions in the future
  5. professional firm that is under contract to deal solely with administering the eligibility and claim payment services for self-funded benefit plans

5 True/False Questions

  1. Lapse in coveragea break in continuous insurance coverage


  2. Investigationthe federal program established under Title XIX of the Social Security Act of 1965


  3. Legal damagesmakes sure that the company's operations comply with federal, state, and local laws and with the Department of Insurance regulations


  4. External Fraudinvolves people outside the company that it is directed against


  5. Premium Services Departmentresponsible for matters relating the company's employees


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