General Information Agent Quiz

20 Questions | Total Attempts: 54

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Insurance Quizzes & Trivia

This quiz is intended to test the general knowledge of LECMPA sales agents. The agent who scores the highest on this quiz will win a Red Ox grip embroidered with the LECMPA logo. Tie breaker will be determined by the agent who finishes the quiz in the shortest amount of time.


Questions and Answers
  • 1. 
    Which of the following is NOT a benefit of being a Mutual Insurance Company?
    • A. 

      Company issues binding insurance contracts.

    • B. 

      Our shareholders expect more profit.

    • C. 

      The company is supervised by the state insurance department.

    • D. 

      Company must make public filings about finances and operations.

  • 2. 
    Which is not a valid reason to inactivate a policy? 
    • A. 

      Medical leave.

    • B. 

      Suspension due to discipline.

    • C. 

      Military leave.

    • D. 

      Furlough.

    • E. 

      Taking an exempt position.

  • 3. 
    True or False. If a member receives back pay from the Public Law Board, he or she must pay back LECMPA for any money they received from their claim. 
    • A. 

      True

    • B. 

      False

  • 4. 
    True or False. The amount of a member’s Loyalty Appreciation Bonus check is influenced by whether or not that member has ever collected on a claim. 
    • A. 

      True

    • B. 

      False

  • 5. 
    True or False. LECMPA is the only job income protection company that is regulated by a state insurance commission.
    • A. 

      True

    • B. 

      False

  • 6. 
    Which Group A members are not eligible for Accidental Death coverage for themselves or a beneficiary?
    • A. 

      Those who have a No. 7 policy.

    • B. 

      Those who already have Accidental Death coverage from another job insurance provider.

    • C. 

      Those who have filed a claim within the past three years.

  • 7. 
    True or False. Any Premier policy automatically qualifies for $50,000 in accidental death coverage for the policyholder and their beneficiary. 
    • A. 

      True

    • B. 

      False

  • 8. 
    True or False. LECMPA requires a decertified conductor or engineer to take any available position, even if it pays less, in order to collect on a claim.
    • A. 

      True

    • B. 

      False

  • 9. 
    True or False. A new member who selects a No. 7 Schedule 2 policy can expect coverage on a 60 day claim that occurred in March of his 1st year, and also expect coverage for another 60 day claim in October of that same year.  This is because the No. 7 Schedule 2 policy has a key selling feature of reverting back to face value upon reinstatement.
    • A. 

      True

    • B. 

      False

  • 10. 
    After maintaining a paid membership for five years with $102 per day of coverage, how much will a member’s loyalty payment increase each year? 
    • A. 

      $40

    • B. 

      $50

    • C. 

      $60

  • 11. 
    True or False. LECMPA only offers premium discounts to members who pay with payroll withdrawal. 
    • A. 

      True

    • B. 

      False

  • 12. 
    True or False. Claim payments are made on the 1st and 15th of every month.
    • A. 

      True

    • B. 

      False

  • 13. 
    How do you calculate the daily rate a member can carry?
    • A. 

      Divide their gross monthly wage by 30.

    • B. 

      Multiply their average daily wage by 25.

    • C. 

      Add the member's daily wage plus any per diem and multiply by 30.

  • 14. 
    How far in advance can members pay their dues? 
    • A. 

      6 months

    • B. 

      12 months.

    • C. 

      18 months.

  • 15. 
    Which selling feature below puts LECMPA in a league of its own? 
    • A. 

      On and off the job coverage.

    • B. 

      Accidental death coverage for the beneficiary.

    • C. 

      Loyalty Appreciation Bonus begins accrual after 5 years.

    • D. 

      Provides annual and semi-annual premium discounts.

    • E. 

      All of the above.

  • 16. 
    True or False. Some other job insurance providers will limit coverage if a waiver is signed?
    • A. 

      True

    • B. 

      False

  • 17. 
    Who is the first person you should contact with a question about LECMPA job insurance?  
    • A. 

      A fellow agent.

    • B. 

      President Susan Tukel.

    • C. 

      Your state manager.

    • D. 

      The appropriate Home Office employee.

  • 18. 
    If a member with a Premier 120 policy serves 30 days of a 60-day suspension in December and the remaining 30 days in January, how many covered days will the member have left for that year?
    • A. 

      120.

    • B. 

      90.

    • C. 

      60.

  • 19. 
    Which of the following is NOT a qualification for coverage with LECMPA? 
    • A. 

      Must have 5 years in your current position.

    • B. 

      Must not be on any type of probation.

    • C. 

      Must be discipline free for the three years preceding your application.

    • D. 

      Must be a union worker in the transportation industry.

  • 20. 
    Which of the following is NOT required when filing a claim? 
    • A. 

      An explanation of the incident resulting in discipline.

    • B. 

      A witness statement.

    • C. 

      A copy of the charge letter.

    • D. 

      A current credit report.

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