The Lake Wales office receives this potential claim: third-party property damage is alleged. Which administrative record should be opened?
Correct Answer
D) liability claim record
Claim administration begins with a documented incident or notice record and supporting evidence.
Why This Is the Correct Answer
Claim administration begins with a documented incident or notice record and supporting evidence.
Why the Other Options Are Wrong
Option A: check-signing matrix
check-signing matrix skips the written authority, scope, price, notice, or release control needed for claim administration.
Option B: supplier statement
supplier statement skips the written authority, scope, price, notice, or release control needed for claim administration.
Option C: submittal schedule
submittal schedule skips the written authority, scope, price, notice, or release control needed for claim administration.
Memory Technique
When begins clashes with documented, let the contract speak before Risk Administrator.
Reference Hint
Open-book path: tab Contractor's Manual, 2025 to Business Administration, Insurance Claims and Incident Records; use the stated business record or control rule to verify the answer.
More Business & Finance Questions
The Cedar Key subcontract closeout file requires 44 final releases, and 31 have been received. How many releases are missing?
A Florida GC prepaid $18,000 for annual insurance and expenses it evenly by month. After 7 months have expired, what prepaid asset remains?
The West Miami system access list starts with 22 active users, adds 4, and removes 7. How many active users should remain?
The Winter Park bank review shows a bank balance of $124,600, book balance of $119,400, and known timing items of $3,200. What unexplained difference remains?
The Riverview bank review shows a bank balance of $87,500, book balance of $90,400, and known timing items of $1,600. What unexplained difference remains?
A Satellite Beach contractor had 4 separations during the quarter and an average headcount of 32. What turnover rate should HR report?
A Winter Park startup budgets monthly overhead of $61,500 and wants a 4-month operating reserve. What reserve should be funded?
A Royal Palm Beach customer account has unpaid approved invoices of $126,000. Company policy requires review when unpaid invoices exceed $100,000. What status applies?
A Wildwood contractor had 9 separations during the quarter and an average headcount of 60. What turnover rate should HR report?
A Clermont field group had 64 absence hours out of 1280 scheduled hours. What absence rate should be reported?
People Also Study
Related Study Resources
Previous Question
A Palm Coast owner receivable is 45 days past due. Which administrative step best supports collection without losing the record trail?
Next Question
The Milton business office receives this outside reporting request: public owner asks for updated financial statement. Which response is the best administrative practice?
