Compliance Quiz #6 (5/22/14)
- 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.
Questions: 10 | Attempts: 102 | Last updated: Jun 27, 2019
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