Cyber
The Cyber Coverage Form is comprised of how many coverage sections?
Seven
True/False: Frame Straightening is an acceptable practice for auto/truck body repair?
True
What A.M. Best Rating did Federated have in 2021?
What is the non-petro Windstorm or Hail Percentage Deductible form number?
CP-F-121
Name 2 of the 7 coverage sections on the Cyber Coverage Form IM-F-171
Data Compromise Response Expenses
Computer Attack
Cyber Extortion
Data Compromise Def & Liab
Network Security Def & Liab
Electronic Media Def & Liab
Identity Recovery
True/False: Incidental sales of vehicles with salvage titles is an acceptable practice
False
Name two of the ten Underwriting Major Activities
Risk Selection, Programming, Premium for Exposure, Risk Mgmt, Continuous Underwriting, Operational Initiatives, Territory Knowledge, Marketing Relationships, Policy Audits, 90 Day Objectives
Property Windstorm/Hail Percentage Deductibles are mandatory in non-coastal states? T/F
False
What is the minimum Business E and O policy deductible if a contractor performs solar work?
$2500
Name one TOB not eligible for Cyber Coverage
81,82,83 and 94 are not eligible.
What are the three pictures a MR needs to send in if a business has a solvent recycler/distillation unit?
The solvent recycler/distillation unit
The UL specification plate
The area surrounding the solvent recycler/distillation unit
Name two of the six core principles and values that guide us (from The Next Generation brochure).
People, Culture, Financial Strength, Value Marketing, Disciplines, Mutual Company
Does the W/H deductible apply to the limit of insurance or the claim amount?
35200- Other Operations NOC- Moderately Hazardous
At what limit do you need to start submitting Cyber coverage to HO UND for approval?
$500,000
Which characteristic is not a characteristic of a Prime Class Risk?
A. Adequate total lines premium
B. Sound economic class
C. Value Federated Services
D. P&C only opportunity
D. P&C only opportunity
As noted in the "At a Glance" brochure, Federated is the ___th largest P&C Ins. Co in America based on premiums? A. 10th B. 64th C. 56th D. 24th
C. 56th
Name one of the considerations noted in E-doc for 10% and 25% percentage deductible options
Financial Underwriting of the account
Current W/H guideline requirements for coastal states/counties
Acceptable pay history and prompt deductible payment history
Good file documentation as to the decision to offer a higher deductible
600 Volts and above