WorksheetsCS Week 2 Quiz
Total questions: 10
Worksheet time: 5mins
What is a held installment?
This is an installment that has reached its scheduled invoice date but has not generated due to the policy status or other activity
A payment that was processed after a lapse in coverage
The unearned premium
I have no idea
What is happening in the screenshot below?
Invoice number two is currently on hold because the customer did not pay invoice number one
The customer does not owe us any money so we are removing invoice number two
The customer is only required to pay the invoices that are scheduled
This policy is paid in full
Assume today is 1/31/2021. This policy is currently lapsed. If a payment of $76.42 is accepted today when will the next invoice generate?
January 31
February 1
February 16
An invoice will not generate
This policy is currently lapsed. Assume today is 2/24/2012 and you are taking a payment of $46.40 to reinstate the policy. When will the next invoice generate?
1/29/12
2/24/12
2/27/12
3/18/12
Assume today is 1/31/12. If a payment of $77.98 is accepted to reinstate the policy, the next payment will be due 3/17/12.
True
False
How many times can a customer change their due date?
Once per policy term
Twice per policy term
Never
They don't have a due date
What is the farthest date this customer can change their due date without supervisor approval?
19th
20th
30th
31st
If the customer wishes to change their due date more than five days from their current due date. What should be collected from the customer?
Additional premium
Nothing
Their down payment
Monthly payment
In which tool do we submit due date changes?
Upstart
Spectrum
Solcom
MARS
Based on the screenshot, if the customer called in today to change their next invoice due before date. What is the farthest date we can move it to?
11th
12th
15th
13th
