AIC Practice Questions - AIC Associate In Claims Exam

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A lawsuit is filed six months after an adjuster set a modest reserve on a bodily injury claim. What is the best reserve practice now?

Leave the reserve unchanged until discovery closes Increase the reserve only if the plaintiff demands policy limits Reevaluate exposure promptly and document the rationale for any reserve change Reduce the reserve because defense counsel is now involved

Correct Answer:

Reevaluate exposure promptly and document the rationale for any reserve change

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