Compliance Quiz #4 (5/07/14)

10 Questions | Total Attempts: 38

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Compliance Quiz #4 (5/07/14)

Questions and Answers
  • 1. 
    The fax cover sheet required to be returned along with documentation when declaring prior insurance is titled?
    • A. 

      Auto Endorsement-add/change/update prior insurance

    • B. 

      Rules and Rates Adherence

    • C. 

      RMBC Fax Documentation Sheet

    • D. 

      Prior Insurance Documentation Sheet

  • 2. 
    If Bodily Injury limits are changed, is a UM/UIM Trailing Document required? (Select all that apply)
    • A. 

      No, if no changes were made to the UM/UIM and a TDoc is on file

    • B. 

      Yes, but only if a car was added

    • C. 

      Yes, if Med Pay was added

    • D. 

      Yes, if the change makes Bodily Injury and UM/UIM limits are unequal.

  • 3. 
    True or False:  All Auto Insurance Carriers participte in CCDB.
    • A. 

      True

    • B. 

      False

  • 4. 
    All private passenger vehicles owned by the Named Insured must be insured by Allstate; otherwise the risk is not eligible.
    • A. 

      No, the insured can have one car insured with us and one car insured with another company.

    • B. 

      Yes, all private passenger vehicles must be insured with Allstate excluding exhibition autos.

    • C. 

      Only if Allstate is less expensive

    • D. 

      Option 4

  • 5. 
    Allstate can insure a private passenger vehicle that is used for pizza delivery.
    • A. 

      No

    • B. 

      Yes

    • C. 

      Only if a young driver is doing this as part-time work.

    • D. 

      Only if all operators on the policy perform the pizza delivery.

  • 6. 
    True or False:  Can commercial insurance be used as prior insurance?
    • A. 

      True, commercial insurance can be used as prior insurance as long as the named insured is listed as a rated operator by name on the commercial policy.

    • B. 

      False, commercial insurance cannot be used as prior insurance because the customer is not the policy owner.

  • 7. 
    It is OK to delete an accident on the LIS report as long as it is over three years old.
    • A. 

      Yes, it is old enought to delte.

    • B. 

      No, all claims within five years of the effective date must be incuded on the policy

    • C. 

      Yes, but only if it is at-fault

    • D. 

      No, the system will automatically delete any claims over three years

  • 8. 
    Can Allstate insure a Bentley on a Line 10 Standard Auto?
    • A. 

      If it has an ACV under $125,000.

    • B. 

      No, this is an ineligible vehicle.

    • C. 

      Yes, as long as the car carries collision and comprehensive coverage.

    • D. 

      Only if the customer purchased the vehicle before 2010.

  • 9. 
    True or False: If a policy is reinstated with a new policy number a TDoc is required.
    • A. 

      True

    • B. 

      False

  • 10. 
    The RMBC will call and ask your agency for proof of prior auto insurance on the 1st and the 15th of every month if you declared information.
    • A. 

      No, you just retain the documentation in the file.

    • B. 

      Yes, and they will provide a fax number on the call so you may fax it in.

    • C. 

      No, you will receive an email solicitation explaining what fax cover sheet to print off and what fax number to fax the documentation to.

    • D. 

      No, you must fax in proof of any declared insurance the same day the policy is issued.

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