Knowledge quiz

It’s time to put what you’ve learned to the test, get all the questions right to pass this unit.

Q1.

In which record are the details of each customer’s policies found?

Choose the correct answer.

Producer Ownership

Customer Policy

Customer

Customer Ownership

Q2.

What mechanism allows a broker to be assigned ownership of a customer if the policy is not pre-determined?

Choose the correct answer.

Match Rules

Split Commission

Ownership Assignment

Broker-Customer Relationship

Q3.

Which of the following describes a customer?

Choose the correct answer.

A group or an individual that purchases one or more policies.

A group who purchases a policy from a single Producer.

A company who purchases a group policy from a single Broker.

An individual who purchases a policy from a single Producer.