Explain the difference between "clean" claims and "dirty" claims.
What will be an ideal response?
Claims that are paid on the first submission are referred to as clean claims. This typically indicates that no errors or omissions appeared on the insurance claim form that would have caused rejection or denial. Claims that are denied or rejected are called dirty claims. They contain errors or omissions of necessary data on the insurance claim form required to process the claim.
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Which of the following is an acceptable financial practice for taking money out of the business for personal use?
A) Write a check to yourself from the business account payable to "Cash" B) Write "personal draw" on the memo line of a check to yourself from the business account C) Do not deposit money from clients who pay in cash D) Either A or B
____________________ are maintained and inspected in accordance with NFPA 10
a. Building occupancies b. Portable fire extinguishers c. Fire hazard areas d. Fire departments and apparatus