AZ-UW-Guidelines

Question 1

Becomes part of the policy after completion

Answer 1

Application

*Available in Documents tab

Question 2

All cancel requests must indicate this

Answer 2

Reason for Cancellation

Question 3

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

Answer 3

Private Passenger Auto

Question 4

Registered owner of vehicle must be either this or that

Answer 4

Must be rated or excluded on policy

Question 5

This occurs 72 hours after policy upload by the Agent

Answer 5

Agency Sweep

Question 6

What happens if the initial check for down payment is not honored?

Answer 6

Coverage does not exist even if BOUND

Question 7

List at least 3 examples of Insurable Interest the agent can include with an application

Answer 7

Registration
Title
Dealership Purchase Agreement
Notarized Bill of Sale

Question 8

Must be kept on file at the agency

Answer 8

Signed application and copy of the Named Insured’s DL

Question 9

Time-frame for agency to produce documents related to the policy if requested by CCC.

Answer 9

48 hours to produce requested documents

Question 10

Person responsible for the application being complete and correct amount of premium collected

Answer 10

Producer (agent)

Question 11

Total policy discounts cannot exceed this

Answer 11

40% of the total premium

*PIF discount does not count towards this

Question 12

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

Answer 12

MVRs, CLUE reports and Household Resident Reports

Question 13

Surcharge for having a out-of-state Drivers License

Answer 13

None

Question 14

Max Vehicles per Policy

Answer 14

6

*Work with UW on exceptions

Question 15

Short rated vs. Pro-rata

Answer 15

Pro-Rate: Cancels by CCC are pro-rata
vs.
Short Rated: Cancels by Insured/Agent request are short-rated (pro-rated minus non refundable fees)

Question 16

Brokering of Business, providing others with CCC UW guidelines and earning money off their business

Answer 16

Not allowed. Agents must be appointed with CCC.

Question 17

Amount of Ridesharing surcharge

Answer 17

25% to BI/PD and Comp/Coll

*Avoid mentioning the specific % to NI. Be information neutral and provide the quote.

Question 18

Business Use surcharge

Answer 18

25% to BI/PD Comp/OTC

*Real Estate Agents etc

Question 19

Carry people or property for a fee

Answer 19

Unacceptable Risk

Question 20

Coverage only applies when passengers not in vehicle

Answer 20

Rideshare endo

Question 21

What is meanty by ‘Fully earned’?

Answer 21

Non-refundable , i.e. policy fees

Question 22

All agents are required to abide by these rules when submitting applications

Answer 22

AZ Dept of Insurance Rules and Regulations

*Insurance regulations are set at the State level

Question 23

Agents must provide a copy of this to the Insured

Answer 23

Copy of signed application

Question 24

True or False?

A Named Insured must be the registered owner of a vehicle on the policy?

Answer 24

False

*Registered owner must be rated or excluded

Question 25

After how many days of lapsed coverage is a new application needed?

Answer 25

60 Days (rewrite)
*Please transfer to Agent of Record (or New Business if CCC)

Question 26

Agent must include what for vehicles with Comp/OTC coverage

Answer 26

4 corners photos