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Pop Quiz week 2

Authored by Sandrene McGhie-Flemmings

Professional Development

Professional Development

Used 160+ times

Pop Quiz week 2
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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

This policy was cancelled by the insured's request. How much is the unearned premium?

$168.00

$16.00

$83

$6.00

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

This policy was cancelled by insured's request. What does the amount circled in blue represent?

The amount the customer owes us

A refund due to the customer

The short rate penalty

The unearned premium

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the short rate amount charged on this policy?

$16.80

$83.45

$168.00

$0

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

This policy was cancelled by the insured's request. On what date did coverage end?

3/15

3/17

3/03

2/01

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which cancellation method was used to cancel this policy?

Short rate cancellation

Pro-rate cancellation

Flat cancellation

The policy is not cancelled

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What does the amount circled in this picture represent?

The portion of the premium not charged due to a lapse in coverage

Short-rate penalty

Reinstatement fee

policy fee

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Is the policy fee in this picture fully earned or spread?

Fully earned

Spread

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