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UW Training Recap

Total questions: 50

Worksheet time: 13hrs 30mins

Name
Class
Date
1.

Customer wants to add a 1975 Chevrolet Corvette for $15k. There are 3 licensed household members- two parents and one full time student. There are two regular use vehicles in the house other than the collector cars and all other underwriting sounds fine.

a)

Can Consider

b)

Decline

2.

Customer calls on her NJ policy wanting her daughter to occasionally drive the collector car to a show. She has 5 years of driving experience and only one speeding ticket 1 year ago.

a)

Decline

b)

Can Consider

3.

What does this button allow you to do in Unity?

a)

Transfer a Call

b)

Pause the Call Recording

c)

Put the Customer on Hold

d)

Put Yourself in Unavailable

4.

You should click the [ (a)   ] button every time you reset a task in CRM - this tracks how many follow up attempts were made.

5.

If the customer calls to pay late and they are more than 30 days past due, we will need a [ ] upfront prior to taking payment.

a)

Verbal No Loss

b)

Written No Loss

c)

Bill of Sale

d)

Written Request to Pay

6.

Customer wants $500k CSL liability in Virginia: (Mark ALL that apply)

a)

Get a copy of the PAP upfront

b)

Run the Household MVR upfront

c)

This limit is unavailable

d)

Nothing additional is needed and we can bind

e)

Get supervisor approval upfront

7.

We can consider insuring this dune buggy:

a)

True

b)

False

8.

We will rate a vehicle with the modified rate if it falls in the following categories: (Mark All that Apply)

a)

$10k custom paint job

b)

600+ horse power (not original to when manufactured)

c)

$15k+ custom paint jobs

d)

Big Tires

e)

ProStreet Cars (geared for racing)

9.

The following is an example of a carport we would consider depending on the state in which it is located and the overall risk.

a)

False

b)

True

10.

Indicate what rating you would give the following vehicle based on the paint job.

a)

Antique/Classic

b)

Modified

c)

Special Interest

11.

What vehicle type would we most likely put the following vehicle in?

a)

Modified

b)

Antique/Classic

c)

Special Interest

12.

Our guidelines are mostly black and white situations - we very rarely make exceptions to these rules.

a)

False

b)

True

13.

We would most likely place the following vehicle in what category?

a)

Special Interest

b)

Modified

c)

Antique/Classic

14.

You would most likely place a standard 2018 Lamborghini Aventador in what vehicle category?

a)

Antique/Classic

b)

Modified

c)

Special Interest

15.

What type of coverage would you offer on this matching mini-trailer shown here behind the collector car?

a)

Comprehensive Only

b)

Comprehensive & Collision Only

c)

Liability & Comprehensive Only

d)

Full Coverage

16.

When a customer requests an agreed value at #1 value or higher, we will need to get [ (a)   ] upfront to review first.

17.

The [ (a)   ] button allows us to access the current term to add a car after adding it to the renewal term.

18.

What tier will we place most risks under?

a)

7,500

b)

2,500

c)

5,000

d)

Unlimited

e)

1,000

19.

Customer calls wanting to add a vehicle valued at $30k and they indicate it's in very good #2 condition.

NADA shows the following range: $10,400 $23,000 $41,500.

How do you handle?

a)

Add the car for $30k

b)

Request photos upfront to justify the $30k

c)

Offer to add it at $41,500

20.

We can consider reinstating a late policy as long as we are no more than [ (a)   ] days past due. This is the furthest out/latest we'd still consider reinstating.

21.

What deductible should we typically default to when quoting new exotic vehicles?

(a)  

22.

Customer in New Jersey advises that they had a DUI 4 years ago.

a)

Doesn't qualify

b)

Qualifies

23.

In the state of [ (a)   ] there is no liability coverage available for vehicles. This is the only state where we can only offer physical damage (comprehensive/collision).

24.

How many days can we backdate removing a car from a policy without needing a bill of sale?

(a)  

25.

When we have to correct a VIN on a vehicle, we would typically make this effective for tomorrow.

a)

True

b)

False

26.

Our policies are written based on the [___] state.

a)

Garaging

b)

Registration

c)

Mailing

27.

How should you typically handle a carport situation that we can consider? (Mark All that Apply)

a)

Google Map or Photos Upfront

b)

Supervisor Approval

c)

$1000 deductibles

d)

$2500 deductibles

e)

Decline

28.

We can use the 'additional policy' button as long as it's for the same person.

a)

True

b)

False

29.

Underwriters with less than 1 year of experience at ACI should be reviewing single vehicles valued at [___] or higher with someone prior to binding.

a)

$60k

b)

$100k

c)

$150k

d)

$200k

30.

Customer calls wanting to add a vehicle valued at $8k.

NADA value range shows: $2,500 $10,300 $15,800.

How do you handle?

a)

Add the car for $8k

b)

Request photos upfront to review condition/justify the value.

c)

Decline the risk.

31.

Please indicate how you should handle a call where the customer is paying late and there is a hurricane restriction actively in place in their area. (Mark All that Apply)

a)

Advise the customer that they should call us back every couple days to see if the restriction is lifted.

b)

Create a Task in CRM to follow up

c)

Advise we will call them once lifted to see how to proceed

d)

Take the late payment now

32.

We can never consider vehicles titled and registered to a business name.

a)

True

b)

False

33.

When we add a car to a PA policy that currently has non-stacked um/uim coverage, what will we need to follow up for?

a)

PA booklet UM/UIM forms

b)

PAP Dec pg

c)

PA Booklet UM/UIM forms & PAP Dec pg

34.

What button should you be using whenever you need to do a rewrite of a policy either due to being expired or due to an issue state change? (Hint: It allows you copy info into a new application)

(a)  

35.

What rate should you choose when cancelling a policy midterm due to an issue state change rewrite?

a)

Flat Rate

b)

Pro Rate

c)

Short Rate

36.

In what state must we complete a RTA form to provide customer proof of insurance every time we start new biz or add cars?

(a)  

37.

When a policy is in Active status this always means there is no payment due.

a)

True

b)

False

38.

You can process a change in the midst of doing a reinstatement of a red cancelled policy.

a)

True

b)

False

39.

We need a written request from a customer any time we have to remove a car from a policy.

a)

True

b)

False

40.

[ (a)   ] is the person hired by the UW carrier to go out and review/assess the damaged property for a claim.

41.

What is the full email address that an American Collectors broker would use - where broker changes should be sent i.e. for broker mergers/first time broker setup etc.?

(a)  

42.

Which of the following cannot be done by a broker on the portal on behalf of the customer?

a)

Payments for Customers

b)

Submit Change Requests for Customers

c)

No Loss for a late pay for Customers

d)

View Commission Statements

e)

View Documents for Customers

43.

CARE provides an actual 24/7 towing service for the customer.

a)

True

b)

False

44.

Customer calls with 2 terms - their upcoming renewal is on 4/15/22 - they want to increase the value of their car on this policy and it's justifiable. You would make the change effective for:

a)

Tomorrow

b)

4/15/22 only

c)

Tomorrow & 4/15/22

45.

Customer calls to correct a VIN on their policy. They have a renewal term (4/15/22) & a current term (4/15/21) showing. When would you process this change for?

a)

Tomorrow

b)

Tomorrow and 4/15/22

c)

4/15/22 renewal only

d)

Back to 4/15/21 & the upcoming 4/15/22

e)

Back to 4/15/21 only

46.

When will you have to put notes directly in Nitro? (Mark All that Apply)

a)

When cancelling

b)

When following up on a task

c)

When we need photos

d)

When saving or processing a change

e)

When rejecting a pending cancel status

47.

Customer calls wanting to increase their coverages to 300k/500k/100k in New York. How do you proceed?

a)

Verbally confirm that they carry 300k/500k/100k on their PAP and process the change

b)

Ask for a copy of the PAP dec pg upfront before making the change

c)

Advise we need a PAP/HH MVR/Approval upfront before making the change

48.

We will typically have to rewrite a policy if the policy is more than [ (a)   ] days past the due date.

49.

How many days can we backdate a cancellation without needing a bill of sale?

(a)  

50.

ACI04b00012345 policy in Florida with one term showing in the system - customer sold the car and wants to cancel. What rate would you select when cancelling on the current term?

a)

Flat

b)

Pro

c)

Short