What is brown, hairy and wears sunglasses?
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:
- Surveys and compliance standards
- Surplus lines and tax responsibilities
- Meetings and strategies in contract binding
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
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