BIP Essentials Quiz

Froggy Jumps

Jugadas 2 %Acierto 100 Tiempo medio 01:47

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BIP process and terms

Creada por

Sharon

Estados Unidos

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1	Anónimo 19 de Agosto de 2026	% 100	00:55
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Froggy Jumps BIP Essentials QuizVersión en línea BIP process and terms por Sharon 1 Who do we call for BIP questions? a A BIP contact person or SC Support b Premium Services c Underwriting 2 What does BIP stand for? a Banked Initial Policy b Bad Initial Premium c Billable Initial Payment 3 What happens if a good initial premium is never received after BIP? a A cancellation letter is mailed and OS 50 shows cancelled not taken b The premium is postponed to next cycle c The policy auto-continues 4 Agents can use this form to authorize the initial premium at time of application. a Form 9900 b Form 1205 c Form 1108 5 What should you verify when a bad initial premium occurs? a The beneficiary b The agent’s license number c Bank info and if ABC should resume. 6 What happens when a payment sucessfully processes after having a BIP? a A new policy is generated b The warning code is removed c The account is closed for review 7 How does SC Support help with Pending REGULAR initial premium payments? a Delay all decisions for 30 days b Approve all premiums automatically c They will determine amount needed and enter payment. 8 If the certificate was on ABC and a BIP payment is taken, what may need to be checked? a Whether the policy should be canceled b Whether to issue a new certificate number c Whether ABC should be re-established and confirm bank info

Froggy Jumps

BIP Essentials QuizVersión en línea

BIP process and terms

por Sharon

Who do we call for BIP questions?

A BIP contact person or SC Support

Premium Services

Underwriting

What does BIP stand for?

Banked Initial Policy

Bad Initial Premium

Billable Initial Payment

What happens if a good initial premium is never received after BIP?

A cancellation letter is mailed and OS 50 shows cancelled not taken

The premium is postponed to next cycle

The policy auto-continues

Agents can use this form to authorize the initial premium at time of application.

Form 9900

Form 1205

Form 1108

What should you verify when a bad initial premium occurs?

The beneficiary

The agent’s license number

Bank info and if ABC should resume.

What happens when a payment sucessfully processes after having a BIP?

A new policy is generated

The warning code is removed

The account is closed for review

How does SC Support help with Pending REGULAR initial premium payments?

Delay all decisions for 30 days

Approve all premiums automatically

They will determine amount needed and enter payment.

If the certificate was on ABC and a BIP payment is taken, what may need to be checked?

Whether the policy should be canceled

Whether to issue a new certificate number

Whether ABC should be re-established and confirm bank info

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BIP Essentials Quiz

Froggy Jumps

Sobre esta actividad

Creada por

Descarga la versión para jugar en papel

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Froggy Jumps

BIP Essentials QuizVersión en línea

por Sharon

Who do we call for BIP questions?

What does BIP stand for?

What happens if a good initial premium is never received after BIP?

Agents can use this form to authorize the initial premium at time of application.

What should you verify when a bad initial premium occurs?

What happens when a payment sucessfully processes after having a BIP?

How does SC Support help with Pending REGULAR initial premium payments?

If the certificate was on ABC and a BIP payment is taken, what may need to be checked?