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INSURANCE SUITE FUNDAMENTALS 10.0 70 questions with correct answers and detailed rationales

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INSURANCE SUITE FUNDAMENTALS 10.0 70 questions with correct answers and detailed rationales

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INSURANCE SUITE FUNDAMENTALS 10.0 70
questions with correct answers and detailed
rationales.

1. Insurance Suite is best described as which of the following?
A. A policy rating engine
B. A transactional core insurance system
C. A customer relationship management system
D. A document production platform
Correct Answer: B
Rationale: InsuranceSuite ( PolicyCenter, BillingCenter, ClaimCenter) is a
transactional core system managing policy, billing, and claims workflows.


2. The three major components of InsuranceSuite are:
A. PolicyCenter, AccountCenter, CRM
B. ClaimCenter, BillingCenter, PolicyCenter
C. PartyCenter, PolicyCenter, BillingCenter
D. ContactCenter, Portal, PolicyCenter
Correct Answer: B
Rationale: The suite consists of PC, BC, and CC that share a unified data model.


3. Which Guidewire component manages underwriting authority and rules?
A. Underwriting Authority Engine
B. Rules Engine (Gosu-based)
C. Document Assistant
D. Integration Gateway

,Correct Answer: B
Rationale: Underwriting rules are executed in the Gosu Rules Engine within
PolicyCenter.


4. What type of system integration pattern is MOST common in InsuranceSuite?
A. Batch file transfers only
B. Event messaging via JMS/Kafka
C. Peer-to-peer DB links
D. Manual uploads
Correct Answer: B
Rationale: InsuranceSuite emits events/messages that external systems subscribe
to.


5. What does the "shared data model" in InsuranceSuite mean?
A. Each system stores data separately
B. All systems use the same Party and Account model
C. Data never leaves PolicyCenter
D. Only ClaimCenter shares data
Correct Answer: B
Rationale: InsuranceSuite uses common entities (Account, Policy, Contact) across
systems.


6. Which is TRUE about Gosu?
A. A scripting language only
B. A strongly typed language used for business logic
C. Used only for UI
D. A database tool
Correct Answer: B
Rationale: Gosu is used for rules, business logic, and validations.

, 7. Which component handles product configuration?
A. Display Keys
B. Product Designer
C. Rating Worksheets
D. Claim Wizard
Correct Answer: B
Rationale: Product Designer configures products, coverages, terms, conditions.


8. Which file extension represents a UI configuration file?
A. .pcf
B. .gosu
C. .xml
D. .css
Correct Answer: A
Rationale: PCF = Page Configuration Format.


9. What is the purpose of the Account entity?
A. Holds policy level data only
B. Groups policies, contacts, and billing relationships
C. Stores claims
D. Manages user roles
Correct Answer: B
Rationale: Accounts serve as the umbrella grouping policies and related contacts.


10. In the InsuranceSuite data model, a "Contact" represents:
A. Only insureds
B. Any person or organization

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