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Compliance and Placement Quiz

Test your knowledge on critical compliance and placement topics with our engaging quiz!

Find out how well you understand the requirements and processes that are essential for success in our industry. This quiz covers:

9 Questions2 MinutesCreated by ConsultingEagle42

By Compliance standards, when should we send T&Ds?

With the proposal, at minimum

When you get the quote

Before you bind

If you have a late bind order, when do you need binders by?

Before the effective date

At least, before the effective date OR within 2 days

Whenever the underwriter / placement sends it

When do binders need to be sent to the client?

Within 2 days of receipt/ binding

Before the effective date

When we can get to it

Surplus lines - if you use a wholesaler, who pays the SL taxes & fees (dont forget to check the supplier code!)

Marsh - always

Depends if the wholelsaler will or Marsh

CFP - what does it stand for?

Professional standards

Client Figuring out Process

Client First Principles

When is a CFP5 (Post Binding) meeting required?

When Washington is the venue on the CSA

When any one line has limits greater than 100M

When we waive the Limitation of Liability in the CSA

Not sure, I wait for the CE/AE or someone to tell me

Renewal Strategy/ recap letter & Binder letters, how many days do we have to write/send one?

Two Days

Ten days

When one can get to it