Underwriting 27 (19-27)
- 1.
- What is the purpose of Underwriting?
- How many steps do you need to follow?
- write down the steps?
- 2.
- What steps do you need to follow when handling a cancel rewrite?
- What steps do you need to follow when handling a Endo rewrite?
- 3.
What information do you need when quoting a Endo rewrite? (select the right answers)
- A.
What type of changes are they requesting Example: (deleting 99 Honda liability adding 2010 Toyota full coverage)
- B.
How many changes does the policy have?
- C.
When was the last payment processed
- D.
When did the policy start?
- E.
How much are the monthly payment
- F.
Do they have the endo fee?
- G.
When the policy expire?
- H.
When is the next payment due?
Correct Answer(s)
A. What type of changes are they requesting Example: (deleting 99 Honda liability adding 2010 Toyota full coverage)
C. When was the last payment processed
E. How much are the monthly payment
F. Do they have the endo fee?
H. When is the next payment due? -
- 4.
What information do you need when quoting a cancel rewrite? (select right answers)
- A.
Reinstatement deadline (Infinity only)
- B.
How many years have they had the policy?
- C.
When was the last payment processed
- D.
Cancellation date
- E.
Call the company to determine if they accept any payments
- F.
(If its an Infinity cancel policy re quote with infinity)
- G.
What type of coverage did they have?
- H.
When did the policy take effect?
- I.
Is there a lapse of coverage?
- J.
How much was the monthly payment
- K.
Find out if the company offer a grace period.
- L.
Explain Justifying factors (the amount owed, late fees, reinstatement fees)
- M.
Review information to make sure everything is accurate.
Correct Answer(s)
A. Reinstatement deadline (Infinity only)
C. When was the last payment processed
D. Cancellation date
F. (If its an Infinity cancel policy re quote with infinity)
J. How much was the monthly payment
L. Explain Justifying factors (the amount owed, late fees, reinstatement fees)
M. Review information to make sure everything is accurate. -
Quiz Review Timeline +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
-
Current Version
-
Feb 23, 2014Quiz Edited by
ProProfs Editorial Team -
Feb 22, 2014Quiz Created by
Back to top