Episode Details

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The critical steps in the insurance claims process, from First Notice of Loss to Settlement. - The crucial difference between salvage (recovering property) and subrogation (recovering from a third party). - Why producers and adjusters must avoid making unauthorized promises about claim payments. - The purpose and function of a claim reserve in ensuring an insurer's financial stability. - Key duties of a claims adjuster, including investigation, documentation, and communication. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep