TGCS Week 2 Pop Quiz

What type of policy has the same due before date and cancel date?

• Preferred Billing

• Base Billing

• Quarterly Billing

• Paid in Full Billing

In which state may a customer be required to file an SR-50?

• Indiana

• Virginia

• Georgia

• Arkansas

A short-rate cancellation charges a penalty of up to what percentaage?

• 15%

• 10%

• 20%

• 25%

What is the maximum number of days you can request a due date change without supervisor approval or additional premium?

• 10

• 3

• 5

• You always need approval/additional premium

What does UW stand for?

• Underwater

• Underwriting

• Undermining

• Underwinning

If a held installment is combined with the next month's bill instead of being sent out separately this is called?

• Basic Held Installment

• Auto Debit

• Skip Held Installment

• Fraud

To determine cost per day on a policy, which equation would you use?

• Total Premium divided by the number of days in the term

• Total Premium minus the earned premium

• Monthly payment divide by 30 days

• You cannot find the cost per day

What is the term used for premium that is owed for the number of days coverage was provided?

• Pro-Rate

• Short-Rate

• Earned Premium

• Unearned Premium

If you import 4 photos into Solcom, how many times should you route the policy to the workflow?

• 4

• 1

• 2

• 8

Generally speaking, are customers able to replace a Down Payment that was returned for insufficient funds?

• Yes-The policy Flat Cancelled but they have 10 days to provide replacement payment.

• No-They must start a new policy

• Yes-They have up to 30 days

• No-They are banned for life