Property and Casualty Insurance Practice Exam

What is the responsibility of an insured regarding examinations under oath?

1. They must refuse to participate

2. They are required to submit if requested

3. They must complete it within 24 hours

4. They can choose not to answer questions

The correct answer is: They are required to submit if requested

The responsibility of an insured regarding examinations under oath is that they are required to submit to such examinations if requested by the insurance company. When a claim is made, the insurer has a right to investigate the circumstances surrounding the claim, and part of that process may involve conducting an examination under oath. This examination allows the insurer to obtain sworn testimony from the insured about the details of the claim, which helps to evaluate the validity and extent of the claim. Participation is essential because it establishes cooperation between the insured and the insurer, and it can often be a condition for receiving benefits under the policy. Failing to comply with this requirement could result in denial of the claim, as the insurer may view it as a lack of cooperation. This obligation ensures that both parties have clarity and transparency during the claims process.