BIP Knowledge Check Quiz

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BIP basics and procedures

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Sharon

United States

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BIP Knowledge Check Quiz


BIP Knowledge Check QuizVersion en ligne BIP basics and procedures par Sharon 1 What is the Initial Premium? a Any recurring premium payment b The first payment on a new certificate c A reinstatement payment d A refund issued to the payor 2 When is a certificate flagged Bad Initial Premium (BIP)? a When the policy is cancelled b When the initial premium fails to process c When ABC is re-established d When the initial premium is delayed 3 Which system message appears when a BIP occurs? a Do Not Enter b DO NOT ACCEPT PREMIUM PAYMENT c NSF Warning Only d Payment Pending 4 Where can we see if certificate has a BIP? a Over the rainbow b VALU and Imaging c Imaging only d VALU only 5 Which BIP payment method is preferred per the BIP letter? a Cash b Cashier’s check or money order c Tel-debit d Personal check 6 Who may make payment if the return code is Invalid Account Number? a Member only b Member or Agent c Agent only d Supervisor only 7 If a good initial premium is never received, what happens? a Refund check mails b Certificate gets OS 50 — Cancelled Not Taken c ABC retries automatically d Policy remains active 8 How do we know if certificate had been on ABC? a Call Docu notes b VALU splash screen c Paragraph 1 of the application d Paragraph 4 of the BIP letter or ABC3 screen 9 Who should you contact if a payor requests an extension? a Supervisor b Any available agent c A BIP Contact person: Amorette, Pam, Jennifer K d Sherlock Holmes 10 During a BIP payment, how do you re-establish ABC? a Automatically when payment posts b In Dynamics: Should ABC Be Re-Established? Toggle YES and confirm bank info for ABC. c Call Accounting d Submit a new application 11 Can we take a tel-debit or a mailed personal check from a payor on a BIP? a Yes! (Even though letter says to send a cashier's check or money order.) b Only on full moons and solstices. c No d As long as BIP was not due to NSF.

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BIP Knowledge Check Quiz

Test

À propos de cette activité

Créé par

Téléchargez la version pour jouer sur papier

Top Jeux

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BIP Knowledge Check QuizVersion en ligne

par Sharon

What is the Initial Premium?

When is a certificate flagged Bad Initial Premium (BIP)?

Which system message appears when a BIP occurs?

Where can we see if certificate has a BIP?

Which BIP payment method is preferred per the BIP letter?

Who may make payment if the return code is Invalid Account Number?

If a good initial premium is never received, what happens?

How do we know if certificate had been on ABC?

Who should you contact if a payor requests an extension?

During a BIP payment, how do you re-establish ABC?

Can we take a tel-debit or a mailed personal check from a payor on a BIP?