AUTO UW QUIZ 1
Auto Underwriting Quiz
Test your knowledge on auto underwriting with our comprehensive quiz designed for professionals in the insurance industry.
This quiz consists of 10 multiple-choice questions covering key aspects of underwriting policies, deadlines, and regulations.
- 10 challenging questions
- Instant feedback on your answers
- Improve your underwriting skills
ARIZONA NEW BUSINESS POLICY -EFFECTIVE DATE - 1/01/2023 - The UW PERIOD for the policy is
60 days from 1/01/23
60 days from 1/01/2023
59 days from 1/01/23
60 days after 1/01/2023
All of the following would be COURTESTY LETTERS that do NOT required the policy to be placed in PENDING - EXCEPT (which ONE requires the policy to be placed in PENDING) Assume there are no other issues with the policy
Range Rover with Comp/Coll
Suspended OH DL with SR-22 Rated Valid
Suspended TEXAS DL rated Suspended
AZ Suspended DL with SR-22
TEXAS NEW BUSINESS POLICY EFFECTIVE 1/11/2023 is missing PROOF OF PRIOR INSURANCE DISCOUNT. The LAST day to remove the discount is what date?
MARCH 10th
MARCH 12th
MARCH 9th
MARCH 11th
An UNVERIFIABLE DRIVER was added to a policy by a PENDING UW in the UW period. Which ONE of the following may be the reason?
MISSING PROOF OF VALID DL - NO-HIT MVR
MISSING SIGNED NDE DURING UW PERIOD
MISSING PROOF OF VALID DL - TEXAS ID RATED VALID
MISSING PROOF OF VALID DL -AZ SUSPENDED RATED VALID
The above policy is PENDING for PROOF OF GARAGING. Which one of the below actions would the PENDING UW take?
Forward policy for UW cancellation
Issue policy, Add Non-Renew flag, update info required flag, comment poss recon with proof of garaging
Issue policy , comment policy subject to non-renew 12/17/2023, update info required flag, poss recon with proof
ISSUE policy, place back into PENDING to give NI additional time
NEW BUSINESS policy shows no chargeable accidents. You notice the above accident on the CLUE, that is is within the time limits to be chargeable. What action should be taken?
No action
PROOF OF NAF REQUEST, info required, at fault accident flag
AT FAULT ACCIDENT FLAG, NO UW REQUEST, ACCIDENT TO BE ADDED AT RENEWAL/REISSUE
ADD THE ACCIDENT SINCE WITHIN THE UW PERIOD
If already sent, Renewals may be uprated by the PENDING AUTO UW for which of the following?
MISSING POP
MISSING SIGNED NDE -DRIVERS ADDED AS UNVERIFIABLE TO RENEWAL
MISSING INTL DL, DRIVERS ADDED AS UNVERIFIABLE TO RENEWAL
MISSING PROOF OF VALID DL - TX - ID CARD RATED VALID, UPDATE DL TO ID CARD ON RENEWAL
The PENDING UW would REMOVE the INFO REQUIRED FLAG for all of the below EXCEPT for: (assume no other requests are outstanding)
No response to UW REQ- SIGNED PIP/UM/UIM REJ
MISSING NO RESPONSE TO UW REQ-SIGNED NDE - during the UW Period
NO RESPONSE TO UW REQ - MISSING PROOF OF INTL DL - AFTER THEUW PERIOD
NO RESPONSE TO UW REQ - POP AND MULTI-POL -UW PERIOD
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