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Credit Insurance

Total questions: 7

Worksheet time: 4mins

Name
Class
Date
1.

What type of credits are not valid for premium refund?

You can choose more than one answer

a)

End of season Rebate

b)

Product complaint

c)

Price or Quantity error

d)

Item number error

2.

What type of customers we need to insure?

a)

All customers that purchase with Credit terms

b)

Only risky customers

c)

Big, non-risky customers don’t need insurance

3.

What are the threshold conditions for SDL (Self Discretionary Limit)?

a)

Entity registered for at least one year

b)

No published alerts on the customer

c)

Purchase less than USD 25K annually

d)

All the above

4.

What are the maximal credit days allowed?

a)

EOM+ 90 days

b)

EOM+ 120 days

c)

EOM +150 days

d)

EOM+ 180 days

5.

Which of the following events is not insured:

a)

Customer in liquidation or bankruptcy

b)

Customer that struggles cash-flow difficulties

c)

Customer that has a commercial dispute with Tama

d)

Customer active in a country that currently have political situation

6.

What is the credit limit amount we should ask for a customer?

a)

Annual targeted turnover

b)

Expected exposure

c)

Total upcoming sale order

7.

Should the credit limit amount include VAT?

a)

YES

b)

NO

c)

It depends...