Question

An insurance company has many goals and standards for claim handling. One of the most important goals of an insurance company is:

A. To save money for the insurance company and its stockholders.
B. To avoid underwriting exposures for which payment may be required.
C. To strictly interpret its policies and minimize claim payments.
D. Help those who have suffered loss for which the insured is legally responsible.

Answer 1

The most important goal of an insurance company is to help those who have suffered loss for which the insured is legally responsible.

Step-by-step explanation:

The most important goal of an insurance company is to help those who have suffered loss for which the insured is legally responsible. This means that insurance companies aim to provide financial support and compensation to individuals who have experienced a covered loss or damage. Insurance companies do have other goals such as managing risk and minimizing claim payments, but ultimately their primary purpose is to assist policyholders in times of need.