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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: - Failing to acknowledge and act promptly on claim communications is a prohibited unfair practice. - Insurers must conduct a reasonable investigation before denying a claim; refusing to do so is a violation. - Knowingly misrepresenting policy provisions or pertinent facts to a claimant to avoid payment is illegal. - Compelling a policyholder to sue by offering substantially less than what a claim is worth is an unfair settlement practice. - An insurer must provide a reasonable and specific explanation for any claim denial based on the policy.
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
