General Information Agent Quiz
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.
- 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.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
- 3.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
- 4.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
- 5.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
- 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. LECMPA is the only job income protection company that is regulated by a state insurance commission.
- A.
True
- B.
False
- 8.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
- 9.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
- 10.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.
- 11.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.
- 12.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.
- 13.True or False. Some other job insurance providers will limit coverage if a waiver is signed?
- A.
True
- B.
False
- 14.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.
- 15.How far in advance can members pay their dues?
- A.
6 months
- B.
12 months.
- C.
18 months.
- 16.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.
- 17.True or False. Claim payments are made on the 1st and 15th of every month.
- A.
True
- B.
False
- 18.True or False. LECMPA only offers premium discounts to members who pay with payroll withdrawal.
- A.
True
- B.
False
- 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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