Commercial Underwriting Assessment

Welcome!

Section One

What field would need to be reviewed?

  • Building, Contents, Third Party
  • Contents, Building, Forms, Third Party
  • Building, Contents, Replacement Cost
  • Building, Contents, Co-insurance
Use the image to answer the questions below: 

Select the options of fields you would review below:

  • Building
  • Contents
  • Replacement Cost
  • Third Party
  • Forms
  • Co-Insurance
  • Theft
  • BCEG
  • Spec Rates
  • Name Insured
  • Business Description
  • Protection Class
Use the image to answer the question below: 

Use this image to answer the questions below:

Words....

Section Two

Answer True or False for the following statement:

  • You can use the Renewal Tip Sheet to find the guideline for Statement of Values(SOV) and Reporting forms.

What is the guideline for the Statement of Values (SOV)?question

  • Requested every 3 years when a policy is blanketed at 75 days in the renewal process with a 15 day reminder
  • Requested every year when a policy is blanketed at 90 days in the renewal process with a 30 day reminder
  • Requested every 3 years at 75 days in the renewal process with a 15 day reminder
  • Requested every year at 75 days in the renewal process with a 30 day reminder

What resource should you use to find the Public Protection Class (PPC)?

  • ISOnet- CMC Manual Plus
  • Entry Manual Pages
  • ISO PPC Search
  • ISOnet- Commercial Lines Manual

Answer True or False for the following statement:

  • If the CG2144 is not rolling on to a policy and is instructed to be added to the policy, you would need to add an endorsement override to add the form and never roll off first before the system would allow the form to be added.

What resource would you use for GL to find out if the form was premium bearing?

  • Endorsement Instructions
  • Option2
  • Option 3

Section Three

UW-What would need to be considered before adding?

Use the image to answer the question:

UW-What is required to refer to Rater

Use the image to answer the question:

Rater-What would be entered?

Use the image to answer the question:

What Tab and Coverage would the change be processed on?

  • Property Info->Contractors Install Tools and Equipment
  • Property Info->Business Personal Property
  • Property Coverages->Contractors Install Tools and Equipment
  • Property Coverages->Business Personal Property