Uninsured/underinsured insurance policies contain provisions that allow your company to insist on a process called an examination under oath. In this process, you will attend a meeting with a lawyer for the insurance company and a court reporter.
The reporter will administer an oath, much like you see on tv when people are sworn into testify in court. The attorney will then ask you questions, and the reporter will take down all of the questions and all of your answers. Because you are sworn under oath, your testimony is subject to the same penalties of perjury as if you were testifying live in court.
Insurance company lawyers have a number of tricks designed to trip you up during an examination under oath. As a result, it’s really important to properly prepare for an examination under oath. Your attorney should spend a fair amount of time helping you prepare for the examination under oath.