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Which factor does NOT need to be shown on a binder? OA) Value of the home OB) Location of the home OC) Distance of the home to a firehall OD) Name of the insured party

Which factor does NOT need to be shown on a binder? OA) Value of the home OB) Location of the home OC) Distance of the home to a firehall OD) Name of the insured party

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Which factor does NOT need to be shown on a binder? OA) Value of the home OB) Location of the home OC) Distance of the home to a firehall OD) Name of the insured party
Transcribed Image Text:Which factor does NOT need to be shown on a binder? OA) Value of the home OB) Location of the home OC) Distance of the home to a firehall OD) Name of the insured party
English Français Tamina has purchased a new condominium and has requested that the Broker also includes a jewelry floater for her Grandmother's pearls on her policy. She has provided a current appraisal. The information is entered into the brokers quoting software and a quote was provided and accepted. During the electronic signature process the broker notices that the jewelry floater was not included. What should the broker do? OA) Provide the application to Tamina for electronic signature "as is" and add the floater before uploading the application to the insurance company. tation OB) Stop the application process, requote and provide the corrected quote to Tamina with an apology for the broker's oversight. OC) Proceed with the process and when the policy is issued tell Tamina that the Insurance Company made an error, but you would be happy to add the floater onto her new policy for an additional premium. Font Size: OD) As the broker has instructed Tamina to review the application before signing, wait to see if Tamina notices that the floater is not included.
Transcribed Image Text:English Français Tamina has purchased a new condominium and has requested that the Broker also includes a jewelry floater for her Grandmother's pearls on her policy. She has provided a current appraisal. The information is entered into the brokers quoting software and a quote was provided and accepted. During the electronic signature process the broker notices that the jewelry floater was not included. What should the broker do? OA) Provide the application to Tamina for electronic signature "as is" and add the floater before uploading the application to the insurance company. tation OB) Stop the application process, requote and provide the corrected quote to Tamina with an apology for the broker's oversight. OC) Proceed with the process and when the policy is issued tell Tamina that the Insurance Company made an error, but you would be happy to add the floater onto her new policy for an additional premium. Font Size: OD) As the broker has instructed Tamina to review the application before signing, wait to see if Tamina notices that the floater is not included.
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