Docsity
Log inSign up
Docsity
Prepare for your exams
Prepare for your exams

Study with the several resources on Docsity

Earn points to download
Earn points to download

Earn points by helping other students or get them with a premium plan

Guidelines and tips
Guidelines and tips
Sell on Docsity
Sell on Docsity
Log inSign up

Prepare for your exams

Study with the several resources on Docsity

Find documents

Prepare for your exams with the study notes shared by other students like you on Docsity

Search Store documents

The best documents sold by students who completed their studies

Search through all study resources
Docsity AINEW

Summarize your documents, ask them questions, convert them into quizzes and concept maps

Explore questions

Clear up your doubts by reading the answers to questions asked by your fellow students

Earn points to download

Earn points by helping other students or get them with a premium plan

Share documents
download point icon20 Points

For each uploaded document

Answer questions
download point icon5 Points

For each given answer (max 1 per day)

All the ways to get free points
Get points immediately

Choose a premium plan with all the points you need

Study Opportunities

Choose your next study program

Get in touch with the best universities in the world. Search through thousands of universities and official partners

Community

Ask the community

Ask the community for help and clear up your study doubts

University Rankings

Discover the best universities in your country according to Docsity users

Free resources

Our save-the-student-ebooks!

Download our free guides on studying techniques, anxiety management strategies, and thesis advice from Docsity tutors

From our blog

Exams and Study
Go to the blog

State Farm 2024 Exam Review Questions and Answers 100% Pass, Exams of Credit and Risk Management

Temple University (TU)Credit and Risk Management

State Farm 2024 Exam Review Questions and Answers 100% Pass

Typology: Exams

2024/2025

Available from 09/21/2024

star_score_grades
star_score_grades 🇺🇸

3.6

(19)

1.7K documents

1 / 6

Toggle sidebar

This page cannot be seen from the preview

Don't miss anything!

bg1
State Farm 2024 Exam Review
Questions and Answers 100% Pass
Which of the following is eligible as a private passenger vehicle? -
Answer>> Sport Utility Vehicle
What part of the MVR shows any driving offenses recieved for a
violation such as a suspension or revocation? - Answer>>
License status
What action should be taken if the Motor Vehicle Report displays
the message "MVR status clear"? - Answer>> Identify the
license status and expiration date and note the violations to be
entered in the quote/application
Where does the Customer Underwriting Index(CUI) consolidate
info from? - Answer>> The Insurance Risk score, the Loss
History Report, and the previous insurer report
What does a Motor vehicle record(MVR) provide? - Answer>>
Provides license details, moving violations, and police reported
accidents
How many vehicles can be quoted in an integrated auto? -
Answer>> 4
Which of the following changes would be covered by a policy
change? - Answer>> The policyholder would like to add a new
vehicle along with a new driver to the household
All of the following are important elements regarding auto policy
changes except: - Answer>> Changes in household drivers may
affect driver assignments
pf3
pf4
pf5

Partial preview of the text

Download State Farm 2024 Exam Review Questions and Answers 100% Pass and more Exams Credit and Risk Management in PDF only on Docsity!

State Farm 2024 Exam Review

Questions and Answers 100% Pass

Which of the following is eligible as a private passenger vehicle? - Answer>> Sport Utility Vehicle What part of the MVR shows any driving offenses recieved for a violation such as a suspension or revocation? - Answer>> License status What action should be taken if the Motor Vehicle Report displays the message "MVR status clear"? - Answer>> Identify the license status and expiration date and note the violations to be entered in the quote/application Where does the Customer Underwriting Index(CUI) consolidate info from? - Answer>> The Insurance Risk score, the Loss History Report, and the previous insurer report What does a Motor vehicle record(MVR) provide? - Answer>> Provides license details, moving violations, and police reported accidents How many vehicles can be quoted in an integrated auto? - Answer>> 4 Which of the following changes would be covered by a policy change? - Answer>> The policyholder would like to add a new vehicle along with a new driver to the household All of the following are important elements regarding auto policy changes except: - Answer>> Changes in household drivers may affect driver assignments

Mary has purchased a 2019 toyota camry that will replace her 2009 Honda Civic. To complete this change you will: - Answer>> Complete a policy transaction in NECHO When a policyholder calls after having an accident, which of the following questions can an agent's office answer? - Answer>> Questions on whether the policy holder is covered When can an agent use Agent's Draft Authority? - Answer>> Agents can use ADA when the total amount for any one occurence does not exceed the authority available under ADA, and all other requirements are met. Which of the following is a service option in areas where Select Service and Staff inspection are limited or not available? - Answer>> Business owners like to spread their insurance needs across many companies to protect themselves. (True or False) - Answer>> False The Business Lines Resource (BLRC) is only used to check the status of the policy and how much the customer owes.(True or False) - Answer>> False Who is a person you might to talk to when you have questions about the small business opportunity in your area? - Answer>> Business Lines Consultant Which screen is not on the Fire E-app? - Answer>> Coverages John calls because his mortgage company is requesting proof of insurance for a two-family home he is purchasing that he plans to

For an approved Short Term Disability insurance claim, the monthly benefit is paid directly to the policyholder.(True or False)

  • Answer>> False What term is used to describe the length of time you must be disabled before you start receiving disability benefits? - Answer>> elimination period The Statefarm income policy provides coverage on and off the job.(True or False) - Answer>> True All of the following products are included in the State Farm health products except: - Answer>> For an approved Short Term Disability Insurance claim, the monthly benefit is paid directly to the policyholder.(True or false) - Answer>> False What term is used to describe the length of time you must be disabled before receiving disability payments? - Answer>> The Elimination Period The State Farm Hospital Income policy provides coverage on and off the job.(True or False) - Answer>> True Which of the following best describes Medicare Supplement Plans? - Answer>> Federal Health Insurance program for people age 65 or older When submitting an electronic application for a Medicare Supplement Policy, the Remarks field should be used on all applications since it has no impact on the time it takes to process the application.(True or False) - Answer>> False

Some Health Products may still be serviced by agents but are no longer available as new business. Examples include- - Answer>> Individual Credit Disability Insurance The death benefit from a Life Insurance policy is generally considered taxable income to the beneficiary.(True or False) - Answer>> False For Whole Life insurance, cash value accumulates and can be accessed during the Insured's lifetime.(True or False) - Answer>> True Which is true of term conversion for a Term Life Insurance policy?

  • Answer>> When the Insured excercises the conversion option, the premium paid for the new policy will be based on the Insured's age at the time of their original application. Universal Life Insurance premiums remain level as long as the policy is in force.(True or False) - Answer>> True Which of the following is true about the differences between Whole life and Universal Policies? - Answer>> Universal life offers more guarantees The Payor Rider waives premiums if the ------- becomes disabled.
  • Answer>> Insured Customers can stay connected with State Farm throughout the underwriting process by viewing the status of their application online through which of the following: - Answer>> Customer Life Underwriting Status Tool The Life Underwriting Status View is used to: - Answer>> All of the above