System And Product Quiz #1 (6/12/2014)

10 Questions | Total Attempts: 34

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Product  Quizzes & Trivia

Questions and Answers
  • 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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