What is the document that PROVIDES temporary coverage until the policy is finished being written?
Binder
NGLS handles the tracking and payments of what?
If an account is in escrow, who is responsible for paying the insurance premium?
NGLS
What two coverages are REQUIRED to be tracked on a loan REGARDLESS of location?
Fire and Wind
What is the term for the bank information listed on the insurance policy?
Mortgagee Clause
Who writes insurance policies?
Agents
What policy works in correlation to the California Fair Plan to provide California customers full coverage?
Wrap Policy
Where are the majority of the wind-exclusion states located?
Gulf and East Coast.
What does FEMA determine?
Flood Zones
What does FEMA stand for?
Federal Emergency Management Agency
NFIP provides affordable flood insurance. What is the maximum amount of coverage they will provide?
250,000
What to letters will indicate that a location is in a mandatory Flood Zone?
A and V
What does NFIP stand for?
National Flood Insurance Program
What is the EASIEST way to avoid LPI?
providing proof of preferred coverage.
How many items does a customer receive through the mail before LPI is charged to their loan?
Three
First Letter
Second Letter
Notice of Insurance
How many days is the FIRST letter sent before LPI is charged?
45
How many days must LPI be credited to the account once they provide proof of preferred FIRE insurance?
15
How many days must LPI for FLOOD be credited after proof of coverage has been received?
30
For FLOOD, the FIRST LPI letter is sent how many days before being charged?
45
Which document provides temporary coverage while a policy is finished being completed?
What are some examples of ISSUED policies?
Certificate of Insurance
Declaration
Evidence of Insurance
Endorsement
On September 13, 2021, Bobby Lashley successfully defended the WWE title against Randy Orton. However, he did not leave Boston with the title. Why?
Big E cashed in his Money in the Bank Contract and won the title.
What are some of the required data elements?
Policy Number
name and property address
coverage for dwelling
Mortgagee Clause
Premium
Deductible
Who is the main character in Spider-Man: Into The Spider-Verse
Miles Morales