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Just after completing the sale of an automobile policy, the client tells the Broker that they do not have any benefits through Long Term or Short Term disability through work. What should the Broker do next? OA) Continue with submitting the application and advise the client that the coverage can be reviewed on renewal. OB) Advise the client to contact insurance companies that offer private insurance plans. OC) Review the Accident Benefits Coverage Schedule along with the checklist that was completed and provide quotes for higher limits. OD) Advise the client that the insurer for the automobile is a second payor in an automobile accident so it does not impact this policy.

Just after completing the sale of an automobile policy, the client tells the Broker that they do not have any benefits through Long Term or Short Term disability through work. What should the Broker do next? OA) Continue with submitting the application and advise the client that the coverage can be reviewed on renewal. OB) Advise the client to contact insurance companies that offer private insurance plans. OC) Review the Accident Benefits Coverage Schedule along with the checklist that was completed and provide quotes for higher limits. OD) Advise the client that the insurer for the automobile is a second payor in an automobile accident so it does not impact this policy.

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Just after completing the sale of an automobile policy, the client tells the Broker that they do not have any benefits through Long Term or Short Term disability through work. What should the Broker do next? OA) Continue with submitting the application and advise the client that the coverage can be reviewed on renewal. OB) Advise the client to contact insurance companies that offer private insurance plans. OC) Review the Accident Benefits Coverage Schedule along with the checklist that was completed and provide quotes for higher limits. OD) Advise the client that the insurer for the automobile is a second payor in an automobile accident so it does not impact this policy.
Transcribed Image Text:Just after completing the sale of an automobile policy, the client tells the Broker that they do not have any benefits through Long Term or Short Term disability through work. What should the Broker do next? OA) Continue with submitting the application and advise the client that the coverage can be reviewed on renewal. OB) Advise the client to contact insurance companies that offer private insurance plans. OC) Review the Accident Benefits Coverage Schedule along with the checklist that was completed and provide quotes for higher limits. OD) Advise the client that the insurer for the automobile is a second payor in an automobile accident so it does not impact this policy.
An individual comes to your office and requests an automobile insurance policy. He/she has valid owner and driver permits, but reveals a driving record that includes several impaired driving convictions. It is 10:30 a.m. and the person has every appearance that they could have another impaired charge on the way home. You are also very aware that the management of your office is concerned with its loss ratio. What would be an appropriate response? OA) Tell the individual your companies are unable to help because of their current restrictions on drivers with impaired convictions. OB) Send him/her down the street to a competitor whom you feel is more inclined to write this class of business. OC) Ask the individual to complete an application which you will submit to an insurer. OD) Tell the individual you require payment of a fee for service before you search for an insurer to accept an application.
Transcribed Image Text:An individual comes to your office and requests an automobile insurance policy. He/she has valid owner and driver permits, but reveals a driving record that includes several impaired driving convictions. It is 10:30 a.m. and the person has every appearance that they could have another impaired charge on the way home. You are also very aware that the management of your office is concerned with its loss ratio. What would be an appropriate response? OA) Tell the individual your companies are unable to help because of their current restrictions on drivers with impaired convictions. OB) Send him/her down the street to a competitor whom you feel is more inclined to write this class of business. OC) Ask the individual to complete an application which you will submit to an insurer. OD) Tell the individual you require payment of a fee for service before you search for an insurer to accept an application.
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