What is one major advantage of an EUO for insurance carriers?

Prepare for the AAERT Certified Deposition Reporter Exam. Use flashcards and multiple choice questions with explanations and hints. Be confident and ready for your test day!

The major advantage of an Examination Under Oath (EUO) for insurance carriers lies in its ability to discover fraudulent claims. An EUO serves as an investigative tool that allows insurers to formally question policyholders regarding the details of a claim under oath. This process can reveal discrepancies, inconsistencies, or outright falsehoods that might indicate fraudulent activity.

By performing an EUO, insurance carriers can gather crucial evidence that either supports the legitimacy of a claim or exposes it as potentially fraudulent. This capability is vital for protecting the insurer’s financial interests and ensuring that valid claims are paid while fraudulent ones are denied.

In contrast, while securing public opinion, expediting legal proceedings, and arranging settlements may be relevant to broader aspects of the claims process, they do not directly reflect the primary benefit of an EUO. The EUO's primary focus is on uncovering the truth behind claims, making it an essential tool for combatting fraud in the insurance industry.

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