Page 74 - M1_Insurance Introduction Notes
P. 74

responsible for maintenance of policy records,



                       customer requests and informing policy-owners



                       about any material changes that affect their




                       policies.







                   4. CLAIM ADMINISTRATION



                       The employees in this area are responsible for the




                       actual settlement of claims. They analyze the



                       claims received against various policies. After



                       thoroughly studying the claims, they decide



                       whether the claim is valid. They calculate the



                       benefit amounts for settlement of all valid claims.




                       Any claims that are found invalid are rejected.







                   5. MARKETING



                       The marketing department studies consumer



                       behavior needs and wants. On the basis of these



                                                           74
   69   70   71   72   73   74   75   76   77   78   79