PROFESSIONAL EXAM QUESTIONS
WITH CORRECT RESPONSE
SupportingIinformationIunderIanIAccountI(11)I-ICORRECTIANSWERS-1.ISummary
2.IContacts
3.ILocation
4.IParticipants
5.ITransactions
6.ISubmissionIManager
7.IPoliciesIandIUWIfiles
8.IDocuments
9.IHistory
10.INotes
11.IRelatedIAccounts
TypesIofIPolicyITransactionsI(6)I-ICORRECTIANSWERS-1.ISubmission
2.IChange
3.IRenew
4.ICancelled
5.IRewritten
6.IReinstated
JobsIcanIbeIstartedIinI3IwaysI-ICORRECTIANSWERS-1.IByIusersIthroughIActionsImenu
2.IExternalIsystemsIthroughIAPI's
3.IPCIbatchIprocesses
,WhatIareICoverageITermsI-ICORRECTIANSWERS-
AIvalueIthatIfurtherIdefinesIaIspecificIcoverageI(DeductibleIandILimit)
CoverageIcanIhaveI0,I1,IorImultipleItermsIattached
ListIofIPolicyILinesI(8)I-ICORRECTIANSWERS-1.IPersonalIAuto
2.ICommercialIAuto
3.IGeneralILiability
4.IHomeowners
5.IBusinessIOwners
6.IInlandIMarine
7.ICommercialIProperty
8.IWorker'sIComp
PolicyIFileIContainsI(4)I-ICORRECTIANSWERS-1.IContact
2.ILocation
3.IForm
4.IPolicyI(containsIcoverages,Icoverables,IcoverageIterms,IandIpremium)
WhatIisIaIproductImodel?I-ICORRECTIANSWERS-HowIaIproductIisIconfiguredI-
IWhatILOB'sIareIrequired?IWhatIcoveragesIcanIyouIaddItoIeachILOB?
AIproductIappearsIwhenIyouIareIinIaI"NewISubmission"IscreenIinIPC
ConfiguredIinIProductIDesigner
Ex.ICommercialIPackage,ICommercialIProperty
, WhatIareIclauses?I-ICORRECTIANSWERS-Coverages,IExclusions,IandIConditions
AIPolicyILineIcontains:I(5)I-ICORRECTIANSWERS-1.IExclusions
2.IConditions
3.IModifiers
4.ICoverage
5.IForms
WhatIisIavailabilityIandIwhatIisIitIbasedIon?I(6)I-ICORRECTIANSWERS-
AIcomponentIeitherIappearsIorIdoesn'tIappearIonIaIliveIapp
BasedIon:
1.IStart/EndIdate
2.IIndustryICode
3.IUWIcompany
4.IPolicyIType
5.IPolicyITransactionItype
6.IJurisdiction
WhatIisItheImaxInumberIofIsubmissionsIyouIcanImakeIperILOB?I-ICORRECTIANSWERS-5
StepsItoIcreatingIaIsubmission/policyI(12)I-ICORRECTIANSWERS-1.IOfferingI-
IallowsItheIinsurersItoIdefineIproductItypesIbasedIonIexistingIbaseIproductIdefinitions
2.IPrequalificationI-
IanswerIbasicIquestionsItoIrevealIifItheIapplicantIqualifiesIforIcertainIcoverages,IorIcouldIrevealIUWIi
ssues
3.IPolicyIinfoI-IcapturesIbasicIinfo