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AZ UW GUIDE > AZ UW GUIDE > Flashcards

AZ UW GUIDE Flashcards

1
Q

4 wheeled passenger auto not used to carry people or property for a fee.

A

Private Passenger Auto

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2
Q

All cancel requests must indicate this

A

Reason for Cancellation

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3
Q

Becomes part of the policy after completion

A

Application

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4
Q

Short rated vs. Pro-rata

A

Cancels by CCC are pro-rata vs. Cancels by Insured request are short-rated (no fees are refunded)

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5
Q

Initial check for down payment is not honored

A

Coverage does not exist even in BOUND

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6
Q

Registered owner of vehicle must be either this or that

A

Must be rated or excluded on policy

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7
Q

A signed copy must be provided to the Insured

A

Copy of application

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8
Q

72 hours after policy upload

A

Agency Sweep occurs

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9
Q 
Below are all examples of what as part of the application? 
Registration
Title
Dealership Purchase Agreement
Notarized Bill of Sale
Notarized Power of Attorney
A

Insurable Interest

*Must be included as part of application

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10
Q

Responsible for the application being complete and correct amount of premium collected

A

Producer (agent)

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11
Q

Must be kept on file at the agency

A

Signed application and copy of the Named Insured’s DL

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12
Q

48 hours to produce requested documents

A

Timeframe for agency to produce documents related to the policy if requested by CCC.

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13
Q

Named Driver Exclusion

A

All HH members over 14 must be rated or excluded

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14
Q

40% of the total premium

A

Total policy discounts cannot exceed this

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15
Q

MVRs, CLUE reports and Household Resident Reports

A

Reports that may be used when rating New Policies, Renewals, Reissues and to ADD DRIVER

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16
Q

Require a completed Medical Statement from the FORMS tab

A

Rated driver over 75 years of age

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17
Q

Out of State Drivers License

A

Accepted without a surcharge

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18
Q

Acceptable DL with 15% surcharge to BI/PD and Coll/OTC

A

International License

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19
Q

Acceptable license with 20% surcharge to BI/BD and Coll/OTC

A

Licensed under 3 years

Temporary Drivers Permits

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20
Q

Revoked License

A

Unacceptable Risk

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21
Q

Real Estate Agents vehicle use

A

Business Use-25% surcharge to BI/PD Coll/OTC

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22
Q

Premium can be uprated or changed within first 60 days

A

Undisclosed violations, drivers or accidents are discovered

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23
Q

Monthly Installment within $10 of amount due

A

Accepted and balance applied to remaining payments

24
Q

Pay in Full unless on agent is on Auto Release list

A

4th reissue in last 180 days (cancelled 3 times prior in last 180 days)

25
Q

Max time for Reissue to keep transfer and renewal discounts

A

30 days or less since cancellation

26
Q

Earned premium that is outstanding from cancelled policies

A

Policy Balance

27
Q

If an Insured is on a payment extension, but does not pay, their policy will likely have what?

A

Policy balance

Since NI is covered during extension period.

28
Q

Reissue Fee

A

$ 7

*$7 Reissue Fee+$9 Installment Fee+ATPF per vehicle fee.

29
Q

ATPF per vehicle fee

A

.50 cents

30
Q

EFT Installment Fee

A

$5

31
Q

SR-22 Fee

A

$25 per policy period

32
Q

Grace Period length

A

7 days-starts day after due date

33
Q

Short-rated at 90% of pro-rata

A

Cancellations by NI or Agent request

34
Q

Rewrite (new application) required

A

Policies with a 60 day or more lapse in coverage

35
Q

BI/PD minimums in AZ

A

15/30/10

36
Q

Highest BI/PD limits offered by CCC

A

100/300/100

37
Q

Must carry the same limits on multi-vehicle policy

A

BI/PD, UIM/BI, UMBI, UMPD

38
Q

Coverage against hit and run drivers

A

UMBI

39
Q

Covers injuries up to $1k per person even as a pedestrian

A

Medical Payments

40
Q

Premium rated based on vehicle symbols

A

Coll/OTC

41
Q

Maximum limit for Coll/OTC coverage

A

Lesser of ACV or Cost to Repair

42
Q

Passenger Van with seating capacity of 12 or more

A

Unacceptable Vehicle Risk

43
Q

Drivers 50% or more responsible for 3 or more losses in last 36 months

A

Unacceptable Risk

44
Q

Two 6 point violations (CCC points)

A

Unacceptable Risk

45
Q

Vehicle not titled or registered in the United States

A

Unacceptable Risk

46
Q

Max vehicle age for liability coverage

A

20 years

*Exceptions for replacement vehicles

47
Q

Porsche, BMW, Corvettes

A

Acceptable for Coll/OTC only as replacement vehicles.

*Advise Insured they will receive a UW letter to remove the vehicle prior to next policy period.

48
Q

50% or more at fault with $1k or more in total damages

A

Chargeable Accident

49
Q

Waive a violation

A

If violation within 30 days of expiration

50
Q

Premiums start to rise with this number of CCC points

A

1

*see pg 27 of AZ UW Guide

51
Q

Max # of vehicles on a policy

A

6

*work with UW for exceptions

52
Q

Max age for Coll/OTC

A

15 years

53
Q

Choose $20 day/30 days or $30day/30 days

A

Rental Reimbursement Coverage

54
Q

14 points in last 36 months

A

Max # of points for acceptable drivers

*Two 6 point violations are also unacceptable

55
Q

20% policy discount for having more than 1 vehicle insured

A

Multi-Policy Discount

  • Applied to BI/PD, Coll/OTC, MP, UM, UIM
  • Only applies to same coverages on vehicles, i.e. Veh 1 only has Bi/PD and Coll/OTC, Veh 2 will then have 20% discount for those coverages only
56
Q

5% discount for paying total policy premium at once

A

Pay in Full discount

*PIF does not count towards the 40% max discount limit

AZ UW GUIDE (1 decks)

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