WorksheetsTGCS Week 1 pop quiz
Total questions: 27
Worksheet time: 1hrs 19mins
This is a condition or situation that presents the possibility of a loss.
Insured
Billing
Loss Exposure
Risk
This is a person covered by an insurance policy.
Insured
Insurer
Policy Term
Risk
This is a company that sells insurance policies.
Insurer
Insured
Policy
Risk
This is the possibility of loss
Risk
Policy Term
Insurer
Lapse
This represents the dates an insurance contract is in force for either 6 or 12 months,
Policy
Insured
Insurer
Policy Term
This is a document that explains the rights of the insured and insurer.
Insurance policy
Policy Term
Risk
Transfer
This represents the dollar amount not paid by the insurance company but is shared and paid by the insured in the event of a loss.
Limit
Deductible
Loss Exposure
Claim
This represents a coverage that reimburses an insured for rental expenses incurred while their vehicle is being repaired for a covered claim,
Rental Reimbursement
Towing and Labor Reimbursement
Liability
Med Pay
This is an individual who has a contractual agreement with several insurance companies to sell policies on their behalf. They are not employed to these companies but are loyal to them due to this agreement.
Retail Agents
Broker
Independent Agent
Supplier
What is The General's fastest growing distribution method?
Retail
Independent Agent
Broker
Internet
John is your caller and he is listed as the active spouse on the policy. He would like to get a quote to increase the liability limits on the policy. Without speaking to anyone else, can we provide John with a quote and submit the changes?
Yes
No
Jenny is listed as an active driver on the policy. She is calling in today to get a quote to add a vehicle to the policy. Without speaking to anyone else can we provide her with a quote?
Yes
No
Jenny is listed as an active driver on the policy. She is calling in today to get a quote to add a vehicle to the policy. Without speaking to anyone else can we submit the changes on this policy?
Yes
No
Assume today is March 11. What amount should be collected if the customer calls to pay their current installment?
160.82
180.82
697.28
178.82
This policy type is selected when the insured needs to insure their registered vehicle to meet state minimum coverage and/or lienholder requirements.
Bond
Restricted
Personal Auto
Broad Form
This policy is designed for the customer who would like to insure their registered vehicles and any other operators in the household. This policy does not allow permissive use of any kind and only rated drivers will be covered in the event of a claim.
Restricted Endorsement
Bond
Personal Auto
Broad Form
What is the opt-in status on this policy?
Not yet offered
Declined
Blank
Paperless
If the phone or email opt-in status on a policy shows not yet offered what should we do?
We should reoffer it
Ignore it
Find out how much the customer would like to pay
Do nothing
What is the status of this policy?
Expired
Declined
New
Active
This is the date coverage was initiated for the current policy term.
Reinstatement Date
Effective Date
Cancel Date
Future Cancel Date
This is the date in which coverage ended midterm for a certain reason ( missing information, non-payment etc)
Cancel Date
Renewal Date
Expiration Date
Reinstatement Date
This is the date the policy reaches its full 6 or 12 month term.
Expiration Date
Effective Date
Future Cancel Date
Reinstatement Date
This is the next scheduled date coverage will end if sufficient payment is not received.
Cancel Date
Future Cancel
Effective Date
Reinstatement Date
This is the date coverage is restored after a cancellation has taken place.
Expiration Date
Reinstatement Date
Cancel Date
Effective Date
Why was this policy cancelled?
Non-payment cancellation
Missing information
Company election
The policy is active
What date was coverage suspended on this policy?
1/23/
1/15
3/23
1990
Once payment is made to reinstate a policy, when does coverage resume?
In 24 Hours
In 1 Business day
Immediately, however policy status updates at 12:01 am
12:01 AM The following day
