System And Product Quiz #1 (6/12/2014)
- 1.Are Allstate Agents required to obtain a social security number for the named insured and spouse when quoting?
- A.
No, but we are required to ask for it
- B.
Yes, we are required to input all social security numbers for the insured and spouse.
- C.
No, the system does not ask for social security numbers
- D.
Yes, we are required to obtain social security numbers for all drivers in the household.
- 2.Which tier rating factors offer the prospect a better tier?
- A.
3+ years with prior carrier, named insured or spouse is the owner of a residential property, greater than 100/300 prior BI limits
- B.
1 Year with prior carrier, named insured or spouse rents, state minimum 25/50 BI limits
- C.
5+ years with prior carrier, named insured and/or spouse rent, greater than 100/300 prior BI limits
- D.
5+ years with prior carrier, named insured or spouse is the owner of a residential property, greater than 100/300 prior BI limits
- 3.What is the ratio on ordering MVRs on an auto quote? (MVR:Policies Written)
- A.
1:2
- B.
1:4
- C.
2:1
- D.
1:1
- 4.Why do we capture driving behavior when quoting a homeowner's policy?
- A.
We do not rate for it, just gather the driving behavior for general fact finding purposes.
- B.
There is a direct correlation between auto and home claims. Driving behavior is reflective of claim behavior.
- C.
Driving behavior is not captured when quoting a homeowner's policy.
- D.
Driving behavior is used to determine qualification for a homeowner's policy.
- 5.True or False: It is necessary to obtain the number of occupants in the household, including all children.
- A.
True; all occupants, including children, need to be accounted for.
- B.
False; only occupants over the age of 18 need to be accounted for.
- 6.A billing notice is mailed out _____ days before the bill is due.
- A.
7
- B.
14
- C.
20
- D.
30
- 7.True or False: Future Effective Items are tied to the Future Effective Date discount.
- A.
True
- B.
False
- 8.True or False: When quoting a homeowner's policy, the age of the roof automatically defaults to being 7 years old.
- A.
True
- B.
False
- 9.If an add car endorsement is processed during the renewal period, the effective date of the change is _____.
- A.
The renewal date
- B.
Immediate
- C.
Backdated 7 days
- D.
The following business day
- 10.In order to qualify for the Early Signing Discount, how many days must the policy be effective after the bind date for a Line 10 auto policy?
- A.
3 days
- B.
7 days
- C.
10 days
- D.
30 days
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