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Free Exam: Getting to Know Equity Based Billing

Number of Questions in Test: 10
Number of Questions in Preview: 5
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Question 1

My bill is due on the first of the month, and I live in the state of TX. On what date will I be charged a late fee?

Type: Multiple response
Points: 1
Randomize answers: No
Grade style: Full points if all answers are correct

Question 2

In what state do we never charge a late fee?

Type: Multiple response
Points: 1
Randomize answers: No
Grade style: Full points if all answers are correct

Question 3

A policy fee is what is charged when a bill is generated/mailed to the insured.

Type: True/False
Points: 1

Question 4

An installment fee is the fee we as an insurance company charge to maintain the policy.

Type: True/False
Points: 1

Question 5

My premium is $1247.77, and my renewal pay plan is 12 months with 8.37% down and 11 installments. The policy fee is %60.00 spead out amongst renewal and installments. The installment fee is $8.00 and the renewal fee is $8.00. What is the renewal and normal monthly payments going to be?

Type: Multiple choice
Points: 1
Randomize answers: No

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