CDFA EXAM STUDY GUIDE CONCLUDING
REVIEW SHEET PRACTICE SOLUTION
BUNDLED FULLY VERIFIED ONE
HUNDRED PERCENT PASS GUARANTEED
⩥ It is necessary to evaluate several key areas to ensure effective
implementation of standards, procedures, and workflows.
Answer: - insurance company/agency workflows
-information-rich reports
-evidence of legal and ethical compliance
-staff compliance to ensure consistency
⩥ Benefits of operational assessments.
Answer: 1. ensure consistency & adherence to standards, etc.
2. Determine if employees are using the full capabilities of technological
tools
3. measure employee and technology productivity
⩥ The consequences or results of assessments.
Answer: 1. basis for employee performance reviews and support for the
agency's core value and mission
2. support the services an agency provides its customers
,3. help identify "glitches" or inconsistencies that need to be corrected
⩥ The two factors for Information Management.
Answer: 1. Complete Database
2. Document Management
effective information management relies entirely on electronic
documents and databases
⩥ Information Management Tips.
Answer: 1. Track why and how frequently printed or hard copy
documents are required
2. populate all database fields
3. apply proper procedures and naming conventions
4. Keep databases up to date and accurate
⩥ Elements of an electronic file should include.
Answer: 1. Client Detail
2. Contact Detail
3. Billing Detail
4. Application Detail
5. Claims Detail and Attachments
, ⩥ Stair step data input for an agency management system.
Answer: 1. Basic client detail
2. Contact details
3. Policy details
4. Underwriting/coverage information
⩥ Examples of input data.
Answer: 1. Drivers and their driving records
2. Claims information
3. Coverage's/limit recommendations
4. Statement of values
5. SIC codes
⩥ Document management.
Answer: refers to handling documents produced or saved online in
electronic formats
include those created entirely online as well as paper documents that
have been scanned and converted into electronic form
⩥ Questions document managers ask themselves to manage documents.
REVIEW SHEET PRACTICE SOLUTION
BUNDLED FULLY VERIFIED ONE
HUNDRED PERCENT PASS GUARANTEED
⩥ It is necessary to evaluate several key areas to ensure effective
implementation of standards, procedures, and workflows.
Answer: - insurance company/agency workflows
-information-rich reports
-evidence of legal and ethical compliance
-staff compliance to ensure consistency
⩥ Benefits of operational assessments.
Answer: 1. ensure consistency & adherence to standards, etc.
2. Determine if employees are using the full capabilities of technological
tools
3. measure employee and technology productivity
⩥ The consequences or results of assessments.
Answer: 1. basis for employee performance reviews and support for the
agency's core value and mission
2. support the services an agency provides its customers
,3. help identify "glitches" or inconsistencies that need to be corrected
⩥ The two factors for Information Management.
Answer: 1. Complete Database
2. Document Management
effective information management relies entirely on electronic
documents and databases
⩥ Information Management Tips.
Answer: 1. Track why and how frequently printed or hard copy
documents are required
2. populate all database fields
3. apply proper procedures and naming conventions
4. Keep databases up to date and accurate
⩥ Elements of an electronic file should include.
Answer: 1. Client Detail
2. Contact Detail
3. Billing Detail
4. Application Detail
5. Claims Detail and Attachments
, ⩥ Stair step data input for an agency management system.
Answer: 1. Basic client detail
2. Contact details
3. Policy details
4. Underwriting/coverage information
⩥ Examples of input data.
Answer: 1. Drivers and their driving records
2. Claims information
3. Coverage's/limit recommendations
4. Statement of values
5. SIC codes
⩥ Document management.
Answer: refers to handling documents produced or saved online in
electronic formats
include those created entirely online as well as paper documents that
have been scanned and converted into electronic form
⩥ Questions document managers ask themselves to manage documents.
