Post Day One: Compliance

11 Questions | Total Attempts: 50

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Post Day One: Compliance

Questions and Answers
  • 1. 
    First Name:
  • 2. 
    Last Name:
  • 3. 
    5 Digit Agent #:
  • 4. 
    Appointment Date (MM/DD/YY):
  • 5. 
    ST:
  • 6. 
    The five key elements required when ordering CREDIT REPORTS are:
    • A. 

      Full name, current address, previous address, driver’s license number, SSN.

    • B. 

      Full name, previous address, Date of birth, SSN.

    • C. 

      Full name, current address, previous address, date of birth, SSN.

    • D. 

      Full name, current address, driver’s license number, make and model of vehicle.

  • 7. 
    What information is not required when declaring Prior Insurance?
    • A. 

      Current continuous 6 month policy period.

    • B. 

      BI limits

    • C. 

      Effective dates

    • D. 

      Social Security numbers of all drivers listed on policy.

  • 8. 
    When submitting a Property Endorsement, the correct process is:
    • A. 

      Wait until the RMBC sends the agent a solicitation for Documentation via e-mail.

    • B. 

      Submit endorsement and fax the documentation as soon as the insured brings it in.

    • C. 

      Pend the endorsement until the insured hands the agent the documentation and it meets the requirements, fax the same day the endorsement is submitted.

    • D. 

      Submit the endorsement, no documentation required.

  • 9. 
    Legal Trailing Documents should be:
    • A. 

      Signed and faxed to the RMBC within 10 business days.

    • B. 

      Signed and faxed to the SWDC within 5 business days.

    • C. 

      Kept in the insured’s file and wait for a solicitation.

    • D. 

      None of the above.

  • 10. 
    Agents should check the Compliance Scorecard to:
    • A. 

      Avoid POSIS review by pro-actively checking any non-compliant items monthly.

    • B. 

      Check if they will be eligible to go on a promotion trip.

    • C. 

      Make sure they are on pace for bonus.

    • D. 

      All of the above.

  • 11. 
    Agents on POSIS review are not allowed to purchase a book of business, mentor new agents or open a Satellite office, True or False?
    • A. 

      True

    • B. 

      False

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