Compliance Quiz #6 (5/22/14)

10 Questions | Total Attempts: 36

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Compliance Quiz #6 (5/22/14)

Questions and Answers
  • 1. 
    What underlying auto limits must a customer have in order to purchase a Personal Umbrella Policy?
    • A. 

      100,000/300,000

    • B. 

      500,000/500,000

    • C. 

      250,000/500,000

    • D. 

      No Underlying limits required.

  • 2. 
    How often must an agent run their remittance report?
    • A. 

      Every day by close of business day

    • B. 

      Every Friday by close of business

    • C. 

      Every time a payment is received

    • D. 

      On the 1st Monday of each month

  • 3. 
    Which type of home CAN we write on a homeowner's policy?
    • A. 

      Cantilever homes

    • B. 

      Manufactured homes

    • C. 

      Multi-family homes

    • D. 

      Log homes

  • 4. 
    When writing a brokered policy through Ivantage, what should the agent do wihtt he Program Notice and Authorization Form?
    • A. 

      Obtain the customer's signature on the form and scan it into eAgent

    • B. 

      Obtain the customer's signature on the form and fax it to the RMBC

    • C. 

      Explain the form to the customer and obtaint he customer's verbal consent to share informatin with a non-Allstate entity

    • D. 

      There are no longer any requirements regarding this form

  • 5. 
    Where can one find out if a customer qualifies for our Line 70 homeowners policy?
    • A. 

      Rules and Rates

    • B. 

      Line 70 Homeowner's Policy Jacket

    • C. 

      Risk Management Policy

    • D. 

      Underwriting guidelines do not affect the qualification of a homeowner's policy

  • 6. 
    True or False?  Letters from prior carriers agents will be acceptable for PQB changes (i.e. removing a matched claim from a policy).
    • A. 

      True, documentation from the agent is acceptable.

    • B. 

      False, Acceptable documentation must be obtained from the prior carrier Claims Department, Underwriting or Customer Service.

  • 7. 
    On a Line 10 auto policy, when should an agent indicate future effective items?
    • A. 

      Whenever the policy has a future effective date

    • B. 

      Never

    • C. 

      For any cars the customer does not wish to add to the policy

    • D. 

      For any cars currently on a separate policy do to expire during the current Allstate policy period.

  • 8. 
    True or False?  If a child has a car titled in their own name, they can still be listed on the parents policy.
    • A. 

      True, if the child is a driver in the household they can be listed on the parents policy.

    • B. 

      False, if the child is titled to their own car, they must be listed on their own policy.

  • 9. 
    An AFCIC auto policy can be re-written into a new AFCIC policy.
    • A. 

      Yes, as long as the customer requests it.

    • B. 

      Yes, if the customer is getting a better rate.

    • C. 

      No, customers with a current AFCIC policy are not eligible to be written into a new AFCIC

  • 10. 
    If an agency declares prior insurance information and indicates the customer owns property, what additional documentation is required?
    • A. 

      Proof of homeownership

    • B. 

      Property CCDB hit validating ownership of property

    • C. 

      No additional documentation is required

    • D. 

      A signed letter from the customer stating they own their home.

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