Compliance quiz

Name:

If a policy is cancx for Non-payment, when can we get new policy for the client?

Immediately when client requests one

after clearing outstanding balances on the previous policies

While making an policy change which one is more appropriate to mention?

Term/ Annual premium with and without taxes

Term/ Annual premium with taxes

Term/ Annual premium without taxes

Additional vehicles question is a compulsory question during.....

Fresh Submission

Existing Policy change

either A or B but only at binding stage

Confirming occupation and employer are NOT compulsory while updating employment status.

False

True

If due do some reason a disclosure is not played....

Just proceed with call normally without playing

Read the disclosure verbatim

Select the best explanation for Comprehensive out of the following

it covers you for cases like hit and run

it protects from financial losses due to law suits after an accident

it covers live impact with an animal

it is exactly the same as ALL PERILS

What three things have to be asked at an account update, choose all 3!

Address

email address

phone number

employment

What number do we play for adding Secondary account holder?

511

507

517

501

Doing any renovations like Finishing a basement or adding a detached structure is example of change of risk for which of the following?

Tenant's Policy

Rented condo policy

Condo policy

Homeowners Policy

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