Investment Company and. Variable Contracts Products Principals (Series 26) Practice Exam

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What document does the director send to the other party after a claim is filed?

Claim receipt
Respondent copy
Claim response
Decision letter

The correct answer is: Respondent copy

In the context of claims processing, after a claim is filed by one party, it is essential for the other party, often designated as the respondent, to acknowledge receipt of the claim and provide relevant information or responses. The document that the director sends to the respondent is commonly referred to as the respondent copy. This document serves to formally notify the other party about the claim and includes necessary details that may involve the stipulations of the claim, helping to facilitate a structured response and ensure open communication between the involved parties. The process typically involves the director ensuring that both parties are on the same page regarding the claim, allowing the respondent opportunity to prepare a response or defense. This is a crucial step in the claims process as it sets the groundwork for further dialogue and resolution regarding the claim.