STATE FARM EXAM (ACTUAL EXAM )WITH
CORRECT ACTUAL QUESTIONS AND CORRECTLY
WELL DEFINED ANSWERS
Play your way to mastery with fun games
Match Blocks Charms NEW
Terms in this set (47)
How long has State Farm been in 100 years
business?
How many agents does State Farm 19,000
have across the US?
Who has the largest State Farm Al Clark, 45 years, 40mm GWP, No
agency? How long have they been in
business? How much do they manage
in GWP? Is it all organic?
Why was State Farm founded? They created price differences, someone in Chicago
should pay more than someone in West TX because
higher likelihood of getting into an auto accident
, Is State Farm publicly traded or Private
private?
What are the 2 ways you can become 1. Agent aspirant route (producing in an office and
a State Farm Agent? then becoming an approved candidate to agency
internship to TICA) or 2. External applicant - not
someone in State Farm that becomes approved and
then goes into agency internship and TICA)
What is the term State Farm uses New Market
when you start scratch?
What is the term State Farm uses Assignment
when you are given a book?
What is the term State Farm uses MOA - multiple office agent
when you are given a second
location?
What is the annual bonus program Scorecard, hitting moving metrics in monthly &
called with State Farm? What does it annual lines of business sold
entail?
What is the bonus program used for Premium builder, same as scorecard but only on
TICA agents? What does it entail? TICA program and higher commissions; primarily
applies to new market agents but get a PBP for up
to 2 years depending on size of assignment
What is the highest commission 11
percentage you can achieve with
State Farm?
Most agents end up earning what 10%
commission rate with State Farm?
What is State Farm's retirement AAIP
program for Agents called?
CORRECT ACTUAL QUESTIONS AND CORRECTLY
WELL DEFINED ANSWERS
Play your way to mastery with fun games
Match Blocks Charms NEW
Terms in this set (47)
How long has State Farm been in 100 years
business?
How many agents does State Farm 19,000
have across the US?
Who has the largest State Farm Al Clark, 45 years, 40mm GWP, No
agency? How long have they been in
business? How much do they manage
in GWP? Is it all organic?
Why was State Farm founded? They created price differences, someone in Chicago
should pay more than someone in West TX because
higher likelihood of getting into an auto accident
, Is State Farm publicly traded or Private
private?
What are the 2 ways you can become 1. Agent aspirant route (producing in an office and
a State Farm Agent? then becoming an approved candidate to agency
internship to TICA) or 2. External applicant - not
someone in State Farm that becomes approved and
then goes into agency internship and TICA)
What is the term State Farm uses New Market
when you start scratch?
What is the term State Farm uses Assignment
when you are given a book?
What is the term State Farm uses MOA - multiple office agent
when you are given a second
location?
What is the annual bonus program Scorecard, hitting moving metrics in monthly &
called with State Farm? What does it annual lines of business sold
entail?
What is the bonus program used for Premium builder, same as scorecard but only on
TICA agents? What does it entail? TICA program and higher commissions; primarily
applies to new market agents but get a PBP for up
to 2 years depending on size of assignment
What is the highest commission 11
percentage you can achieve with
State Farm?
Most agents end up earning what 10%
commission rate with State Farm?
What is State Farm's retirement AAIP
program for Agents called?
