Worthley Insurance Company uses claim audits to ensure compliance with best practices. These audits evaluate both quantitative and qualitative factors. Which one of the following factors that Worthley evaluates is a qualitative factor?

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Worthley Insurance Company uses claim audits to ensure compliance with best practices. These audits evaluate both quantitative and qualitative factors. Which one of the following factors that Worthley evaluates is a qualitative factor?

A. Timeliness of reserving

B. Accurate evaluation of insured's liability

C. Average claim settlement value by claim type

D. Accuracy of data entry

Answer: B

AINS Chapter 6

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