General Info.
What other words are used in conjunction with Risk?
Hazard
Exposure
What is an aggregate limit?
Total amount that will be paid out in a single policy term.
What system does a CSS rep. use on EVERY SINLGE CALL?
Knowledge Advanced
Additional Insureds have an interest in what aspect of the business?
Liability
What military branch did Andy serve in?
Navy
General Liability is a _____ party coverage
Third Party/Them and Theirs
What is the most common Liability Deductible used?
No decuctible
What system do Agents start a new business quote
Clear Quote
Mortgagees/Loss Payees can be added as Additional Insureds? T/F
True
What common food does Drew not like?
Burgers
What is an advanced notice of cancellation?
A notice sent to a third party to advise of cancellation in progress.
What does CSL stand for?
Combined Single Limit
What resource do we use to house all legal forms/documents?
Reference Connect
Additional Insureds can be listed on what 2 screens in PolicyCenter?
General Liability
Locations
What state is Andy located?
Iowa
What is a waiver of subrogation?
An agreement not to transfer rights to a third party. (Waive the right to sue/subrogate)
If a policy has a per clam deductible what does that mean?
Each individual who files a claim is subjected to their own deductible to be paid by the insured.
If an Agent needs to add a new line of business what system will they utilize?
Clear Quote
Who is included under a Blanket Additional Insured form?
Any third party in contractual agreement with the named insured.
Who is Andy's favorite football team?
CHEIFS!
What is an auditable class code?
An exposure that premium basis can fluctuate from year to year
Who must be at fault in medical payments claim?
Nobody. Regardless of At Fault
If you make a receive a change request that is 90+ days removed from a renewal and it is not on the system, what action are you to complete & what system do you use to do so?
Set Pre Renewal Direction in AWD
If a Policy contains the GL Enhancement, is a CG2010 equivalent Additional Insured status provided?
No, this is only an option for the Contractors Enhancement, Contractors Enhancement Plus & the Construction Gard Enhancement.
Who is Drew's favorite football team?
How 'Bout Dem Cowboys?!?