State Farm Modules Master List Exam Questions With 100% Correct Answers
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The system determines company placement by evaluatin household and vehicle information and matches a price with the risk of future losses. - ANSWER-True
Which of the following is used by the system to determine Company placement? - ANSWER-Driving record, household eligibility, prior insurance hi...
state farm modules master list exam questions with
state farm modules master list exam stuvia
the system determines company placement by evaluat
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State Farm Modules Master List Exam Questions
With 100% Correct Answers
The system determines company placement by evaluatin household and vehicle
information and matches a price with the risk of future losses. - ANSWER-True
Which of the following is used by the system to determine Company placement? -
ANSWER-Driving record, household eligibility, prior insurance history, driving
experience.
Which of the following best describes a residual Market Plan? - ANSWER-Insures
customers who can't get insurance through regulars channels.
What does it mean when an application is Non-bound? - ANSWER-It has been
submitted to Underwriting for prior approval.
Martin and Tina are not sure what some of the categories mean within their auto policy.
You can explain that the policy consists of three parts. What are the three parts of the
policy? - ANSWER-Endorsements, Declarations Page, and Car Policy Booklet
Tina asks you about what is included on the Endorsement. Which of the following items
are included on the Endorsement? - ANSWER-Amendments, Altered Terms, Added
Provisions.
Martin asks you which of their vehicles will be covered. Which of the following cars
would likely be covered? - ANSWER-The car listed on the Declarations Page, a car the
spouse is purchasing, a car Martin is borrowing from his neighbor, a substitute car being
used while the listed car is being repaired.
Which of the following identifies the Renewal Date? - ANSWER-D15
Martin and Tina's policy has changes that will reduce their coverage in the upcoming
year. How will this information be communicated to Martin and Tina? - ANSWER-A
Renewal Insert will be sent with the renewal billing.
Can both Martin and Tina be listed as Named Insured? - ANSWER-Yes
Which of the following vehicles are eligible for a CCC Acquisition/RII specialist quote? -
ANSWER-2001 Altima driven for pleasure only, and 1999 Dodge Ram driven to/from
school and to a part-time job.
, Which of the following vehicles are eligible for a CCC Acquisition/ RII specialist to
quote? - ANSWER-2008 Honda Civic driven to train station, and 2002 VW Beetle driven
for work, small dent, estimated $500 damage.
Which of the following vehicles cannot be quoted by a CCC Acquisition/ RII specialist? -
ANSWER-Drive for a Transportation Network Company for more than 50% of the
time/mileage, and deliver transport materials such as bread truck that delivers bread.
Which of the following are true for the Sandler's 2000 Dodge Neon policy? - ANSWER-
The current payment status of the 2000 Dodge Neon is active, the discounts that are
being applied to the 2000 dodge neon include Multi-car, Steer Clear, Multi-Line.
The March 26, 2007 date indicates the date the policy was first issued. - ANSWER-True
Select the discounts that are being applied on the Goldstein's 2004 Chevy. - ANSWER-
Good Student, Multi-Care. steer Clear, Multi-
line
Which of the following is true regarding the Sandler's 2000 Dodge Neon Policy? -
ANSWER-Ivan's MVR was run in December 2007, the date and violation description
that appeared on Ivan's MVR are 4/2/07, Norma is the principal operator on the 2005
Chevy.
In which Star Level has this vehicle been placed and Why? - ANSWER-2 Star, but
began 1 Star due to being uninsured.
The Auto Data Prefill provides which of the following information? - ANSWER-Possible
household drivers, vehicle infomration about vehicles the driver may own.
Which report would show you information about Brad's previous claim history and if any
losses were incurred? - ANSWER-LHR
The Previous Insurer Report should show which of the following information? -
ANSWER-Name and policy number of the previous carrier, effective policy dates of
previous carrier, vehicles, coverages.
When you run the UDR for Brad you see there is another driver listed who Brad did not
mention, what should you do? - ANSWER-Ask Brad about this other driver.
You notice 2 minor violations on Brad's MVR. You may need to revise his quote. What
are the three steps? - ANSWER-Review MVR results, address any changes to the
quote, change the quote and notify the prospect.
MVR shows "no-hit", that does that mean? - ANSWER-DMV is unable to locate the
driver based on the original information submitted.
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