Date: Thu, 28 Mar 2024 23:10:18 +0000 (GMT) Message-ID: <612903722.465.1711667418562@6d9bcc3c5cdb> Subject: Exported From Confluence MIME-Version: 1.0 Content-Type: multipart/related; boundary="----=_Part_464_407953000.1711667418561" ------=_Part_464_407953000.1711667418561 Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: quoted-printable Content-Location: file:///C:/exported.html
Processing of insured farmer=E2=80=99s application for indemnification d= ue to loss of crop/yield caused by the insured peril, that includes:
Review loss adjusters=E2=80=99 / underwriters report for pos= sible inconsistencies
Review process is required as quality control measure to identify any in= consistencies or spot potential fraud for: field=E2=80=99s location, area d= amaged, crops damaged, etc.
Establishment of final indemnity sum
Based on the application review the final indemnity sum is approved (or = cancelled).
Approve the transfer of indemnity to for the farmer
After the indemnity is approved according to insurer=E2=80=99s procedure= s, the indemnity sum is transferred to the bank account of the insured (far= mer). This closes the policy for both the insurer and the insured.
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