WorksheetsTGCS Week 3 pop quiz
Total questions: 18
Worksheet time: 18mins
An excluded driver may occasionally have coverage while operating a covered vehicle if?
There is permissive use
There is an emergency
There will Never be coverage for an excluded driver
The policy is lapsed
Which system will be used for processing policy endorsements?
MARS
Spectrum
Solcom
Upstart
When it appropriate to process a minicycle?
If the policy is lapsed for non-payment, the customer made a payment today and is nervous
If the policy is active
If the policy is lapsed for non-payment, the customer made a payment today and also needs to make a change
If the policy is expired, the customer made a payment and wants new ID cards
How do you use Righfax?
Print the document and then manually fax it through a physical fax machine
Print the document and mail it to the Rightfax team
Print the document and select Rightfax as your printer type
Email the document to yourself, print it and then place it in an envelope
What does ROQ stand for?
Renewal Offer Quote
Reinstatement Obligatory Quote
Redo Official Quote
Renewal Optional Quote
If a payment returns for insufficient funds we will attempt to re-run the payment in?
5 calendar days
3 business days
2 business days
2 calendar days
If a policy cancels for no response to a PA letter, the cancellation reason will be?
Non-payment
Missing/Incorrect Information
Company Election
Insured's request
A driver with a suspended license is not able to get a policy with our company.
True
False
If a policy is cancelled back to the inception date or renewal date the cancellation type is
Pro-Rate
Company Election
Short Rate
Flat Cancellation
A company that holds the title for a vehicle until the loan is paid off is called a
Additional Interest
Lessor
Lienholder
This is a legal document that summarizes all accidents and violations and driver has
Declaration Page
MVR
DNR
Short Rate
This is a document that summarizes all policy information the customer has declared as fact on their application
Declaration Page
Policy
MVR
DNR
Jamie who is currently insured by another company and has a lapsed policy. He borrows Amy's vehicle occasionally until his own coverage is restored. While driving Amy's vehicle will he have coverage under her policy?
Yes
No
What is a binder?
A document that shows temporary proof of insurance
Something that holds a book together
ID cards
In which instances may a customer request a binder?
A customer just added a newly purchased vehicle to their policy and the dealership needs to show proof to their lienholder that they have insurance
A customer is requesting proof of insurance to keep in their vehicle for the rest of their policy term
A customer wants to show that they added everyone in their household to their policy
A customer need proof that they did not have any lapses in coverage in a certain date
How many times per policy term can a customer change their due date?
1
2
3
4
A change made to an existing policy is called?
An endorsement
Deductible
Exclusion
Cancellation
In which state are you not required to carry and insurance license to process changes that also provide a quote to the customer?
Florida
California
West Virginia
New York
